MobileRead Forums - View Single Post - Cheaper e-books will kill us, says publisher

Greg Anos · 02-06-2009, 01:35 PM

I put this over on the "Death of Copyright" thread, bu it seems appropriate here as well.

Here's an related quote from today's <2/6> (well in the inside of the paper) Wall Street Journal from the music world....

"Warner Music Post Unexpected Profit"

"Warner Music recorded a 23 million dollar profit compared to a 16 million dollar loss the year earlier....Revenues decreased 11%....Recorded music revenue fell 12%, while digital revenue - which now makes up 20% of total revenue - rose 18%....In November, Warner's Atlantic Records became the first major label to have US digital sales outstrip audio CD sales."

WSJ Southwest Edition, page B7

Apparently some of the music industry is starting to do what's necessary to survive. If only the book business could learn to think.....

02-06-2009, 01:35 PM	#165
Greg Anos Grand Sorcerer Posts: 11,532 Karma: 37057604 Join Date: Jan 2008 Device: Pocketbook	I put this over on the "Death of Copyright" thread, bu it seems appropriate here as well. Here's an related quote from today's <2/6> (well in the inside of the paper) Wall Street Journal from the music world.... "Warner Music Post Unexpected Profit" "Warner Music recorded a 23 million dollar profit compared to a 16 million dollar loss the year earlier....Revenues decreased 11%....Recorded music revenue fell 12%, while digital revenue - which now makes up 20% of total revenue - rose 18%....In November, Warner's Atlantic Records became the first major label to have US digital sales outstrip audio CD sales." WSJ Southwest Edition, page B7 Apparently some of the music industry is starting to do what's necessary to survive. If only the book business could learn to think.....