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I wonder whether, on balance, the digital world will be worse for those wishing to create. Balancing an expectation of a lower price and the dangers of the high seas, the digital world opens up a massive global market that can be easily searched etc. Cost of entry is much lower, and artists can market their work more directly, relying on fewer middle-men (if any) between them and their customers.
So, I think that it's too early to say that artists will suffer. Massively successful authors may make less, but a large number of authors may be able to make some money, have some success, where before they would simply not have been published.
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