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Thursday August 24, 2017

E-Book Disruption Means Smaller Incomes for Authors

The digital revolution that is disrupting the book industry’s economic model is having a negative impact on the careers of literary writers, The Wall Street Journal said. Priced much lower than hardcovers, e-books generate less income for publishers, who, at the same time, are buying fewer titles. Most new authors getting published are being offered smaller advances, and at the same time, e-book royalties are only a little more than half what the author might make from a hardcover sale.

“In the same way that cheap digital downloads mean fewer bands can earn a living from record company deals, fewer literary authors will be able to support themselves as e-books win acceptance,” agents and publishers told the Journal.

The Wall Street Journal

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