The eBook Revolution in Full Swing
Absolutely fantastic article came out in the Wall Street Journal yesterday on eBooks. It was the first article I've read that made sense and the projections for the marketplace were absolutely unreal. They showed eBook sales projections through 2015 -- and the numbers were impressive. Today eBook sales comprise roughly $18 million of total book revenues; however, projections suggest that by 2015, sales will be in the billions. The article discussed the publishing business and cited legacy costs as the major difference for publishers in the market, with the buy-backs being the biggest issue. eBooks eliminate buy-back costs. Publishers like 3L Publishing can ill afford the buy-back situation. In fact, we recently faced a terrible situation where we had not even received payments for books sold and the distributor was crediting buying backs $6 over the paid price (which as cited, we were not even paid). We were and are being held accountable to what is nothing more than fraudulent...