The public knows the score and the artists are clueless and the businessmen are full of shit.
Approximately 5 minutes after this was announced the entire book world went a little bit apeshit.
The real trouble with Amazon, it seems, is that nobody truly believes we were better off without it.
But the harsh truth is: it doesn’t matter whether publishers engage or not. Those publishers who don’t engage will be cut out of the loop as the world rolls on regardless. It doesn’t even matter whether they decide to pay fair royalties or not. Ultimately, it’s not their decision any more. The economics of the new publishing are open to all. Publishers no longer have the monopoly. Anyone can play. And if someone chooses to take their ball away and play a different game with someone else, what, exactly, are you going to do about it?