Sunday, April 5, 2009
E-books Depress Me Some More
From Black Plastic Glasses, a very informative article that offers actual analysis of how much e-books cost publishers. Here's a depressing summation: "Clearly ebooks aren’t free - they are perhaps as expensive or in some cases more expensive than print - yet they do not create large, short term cash flow to cover their costs. Ebooks, if successful, will sink the trade publishing industry." As things stand how, he says, e-books must always depend on print sales to finance them and to keep publishers afloat--hardly the model anyone envisioned when looking to the future of this new medium. Not only are they not our saviors, but they're positive leeches on the system, it seems. The author promises follow up pieces on how to escape this unfortunate situation.