It still surprises me that authors, creators, musicians, you-name-it … all those people who are responsible for the existence of the final product in the first place, all of them get the short end of the stick when technology eliminates friction from any market. Does it always happen like this? Does anybody have examples of a market where more money ended up going to the authors proportionately than to all the other middle-man?
The particular visual is cute and all, displaying a stacked bar chart inside a Kindle.
But a pie-chart tells so much more of the story, like who’s slice got bigger? (Hint: not the author’s, theirs went from 16% to 15%)
Wasn’t the Internet going to democratize publishing? Wasn’t it going to become the “new printing press”? How long until we don’t need a group of people telling us what to read while charging us a hefty size of the proceeds at the same time for it?