Ascendency of Digital Publishing

Digital publishing has risen to seriously affect the traditional print market. Tradition print is dominated by a select few publishers who exercise undue influence over who gets published, how long titles remain in print, and royalties. That world is beginning to crumble. Harlequin Romance novels are published by Torstar, a holding company. That division saw a considerable loss of profits last year. If you want to read a very boring corporate financial report that details this, go to http://www.torstar.com/images/file/2013/2013MDA%20030414%20final%20v2.pdf For a quick synopsis, I quote: "... a number of digital-only publishers and other digital distribution models are emerging and authors have greater opportunities to self-publish, often at lower prices than traditional publishers. The proliferation of less expensive, and free, self-published works could negatively impact [sic - the corrrect word is 'affect'] Harlequin's revenues in the future." (see link, p. 36) Read Mark Coker's summary analysis on his blog as SMASHWORDS:http://blog.smashwords.com "10 Reasons Indie Authors Will Capture 50% of the Ebook Market by 2020" Cheers