Quote:
Originally Posted by MGlitch
And you’re still wrong.
So publishers sell to the library. Library lends out book. The people borrow said book. Those people do not buy the book. The library doesn’t give the publishers anything regardless of how much the book is borrowed for a single license they may or may not purchase additional licenses that’s not actually material to the topic as it just exponentiates the issue.
The publisher still views the people who borrowed the book as lost sales since they could have sold to them as well as the library. And again it doesn’t matter if the person was never going to buy the book only borrow it from the library it’s still something that the publishers view as a lost sale.
And again the lost sales from selling to the library are factored in. But they exist.
You’re right that they’re losing out on higher profits but you’re ignoring the reason why.
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I am wrong because why?
The publishers say: 43% of reads (library) generate only 15% of revenue.
Who is to blame? The libraries, because they make it too easy to borrow ebooks?
I fail to see the reason of that conundrum? Here is my reasoning of why ebooks have this discrepancy: Ebook only readers read ebooks, because they are no longer willing or capable to read paper. A typical ebook only reader is no longer willing to pay for expensive new release publisher ebooks for the majority of their reading. So ebook sales from those ebook only readers declined a lot for publishers. The reason for that decline is is not that the library got all of a sudden more attractive due to frictionless convenience, but that cheaper ebooks get bought instead. Simple demand and supply.