Publishers are trying to get a disproportionate share of profits.
Publishers are showing their lack of long-term thinking –
- Instead of cutting prices for readers and encouraging reading they are setting unrealistic ebook prices.
- They want to spend less on ebooks than they used to on books and still make more.
- Instead of giving authors more of a share they want to have the same royalty rate.
Basically, Publishers are saying –
Costs are lower and our role is diminished (and perhaps no longer necessary). So we guess we should get an even larger piece of the pie.
It makes zero sense.
Authors don’t owe Publishers anything
Has a Publisher ever gone to an author and said –
Your book was a huge hit. So we’ve bumped up your royalty from 15% to 25%.
Not to the best of my knowledge.
Why then should authors let Publishers take an even larger piece of the pie?
- As long as Publishers had the power they took the lion’s share of profits.
- Now they don’t have the power and they will have to get used to not getting the lions’ share.
My wife got me a Kindle for Christmas. I love it. I can’t tell if it is because I love the technology or because I love reading – I think it is because this particular type of technology is invisible most of the time – I am just reconnecting with my love of reading.
Because I am a new owner of a Kindle, I found some Kindle blogs to follow – it is what I do!
This Kindle blog features a *fascinating* post that I think relates to what will eventually hit the music publishing industry. It develops a theme I’ve also blogged about here. Here is a portion of the article – let me know what you think: