Interesting article on the failure of the e-book market:
Right now, many of the largest publishers charge a cover price for ebooks that is 80% to 100% of the hardcover price. Virtually nobody except Baen (and now a couple of other publishers who’ve dipped a toe in the Webscription market, and some self-publishers) is even thinking about trying to establish what an ebook is really worth in the market.
We know roughly what it costs to produce a book, and we can point to the areas where ebooks are cheaper than paper editions (no dead trees and ink, for one thing; no warehousing or distribution for another) and more expensive (downloads, website maintenance). But we don’t really know what an ebook is worth to the readers, because the market that could give us meaningful feedback on pricing has been strangled in the crib.
My take on ebooks is that they are — and should be seen as — the cheapest form of disposable literature. They’re not cultural artefacts (pace Cory Doctorow); you don’t buy them in signed, slipcased, limited editions. They’re like stripped mass market paperbacks without even the value-added of doubling as wood pulp wall insulation once you’ve read them.
Now, there exists within writing and publishing circles a neurotic fear that sooner or later (probably In Five Years’ Time — that seems to be the normal window) a cheap digital paper based ebook reader will come along, that makes the experience of reading text on a screen no different from the experience of reading a lump of dead tree stitched inside a piece of pigskin. And, as the horror story has it, we will be In Big Trouble, because the pre-existing availability of pirate ebooks will lead to enormous proliferation and a total crash in the value of books. Some pretty smart people believe this story, and the result has been to give it more credibility than it actually deserves. And it leads them to draw what I believe to be faulty conclusions. [...]
It’s the received, prevalent wisdom — and it’s a load of rubbish.
Link to full article (via BoingBoing)