Simon & Schuster reducing e-book royalties | TeleRead: Bring the E-Books Home.
Doesn’t make any sense.
The main thing publishers do for writers today is handle the complexities of publishing.
The complexities of publishing are vanishing.
The complexities of e-publishing were never there to begin with. What the blue hell do publishers –
How can they justify something like that, based on services provided?
Edit to add: Further info in the comments.
Why? Because they’re testing to see how far they can squeeze before all the authors give them the bird and jump ship.
It’s stupid, but it’s what publishers have historically when a ‘new’ medium came up . . .seeing how much they can milk it before they lose it. It won’t work well this time though. In the past they could at least count on the revenue from running the big printing presses even if they didn’t own the rights to specific books/genres. Strangely they don’t own the means of production for electronic media.
My agent writes to let me know: “They’ve largely recanted, at least to most agents.”
[...] is also happening now in the blog world. Doyce Testerman, also in gaming and literature, has just started doing this with his blog. (I need to work out how to do it with mine and still maintain the right-hand [...]