Bob Sacks thinks the publishing industry will derive nearly 60 percent of its revenue from digital editions by 2020.'
“Print is not going to go away,” he said. “But the predominant way people will read will be digitally. Our survival relies on digital.”
Related articles: E-publish or Perish
From the Comments section: 'When the cost of production and display was high, publishers could maintain their position between authors and readers because they owned the distribution channel. When the distribution channel is digital, who needs the intermediary? As sample content is searchable and as people create sites that provide collections of like material, publishers will fade away simply because for the most part they are no longer necessary.
Just as a band can record a tune and post it on YouTube (marketing) and put it on a website for paid download (distribution) so writers will be able to use the reach of the Internet to generate an income while completely bypassing the musty and sclerotic world of the publishing house.'
'Publishers used to be a toll bridge across a turbulent river, with the readers on the one bank and the writers on the other. Technology has dried that river up so the crossing can now be made anywhere free of charge. People are still using the bridge out of habit but they will soon realize they no longer have to.'
Article courtesy of The Economist
Apple's iPad could indelibly change Publishing
Article courtesy of PopMatters
E-Book Sales Jumped 252% in First Quarter
Article courtesy of Publishers Weekly