And this post is the reason why two things WILL happen:
1) Authors and Agents WILL carve ebook right out, retain them and self publish them, or else publishers will lose print rights and right now that’s a big loss
2) Publishers will lose big name authors
When I got off the phone with my friend, she was still worried and not quite ready to jump into self-pubbing. This is understandable. She has no personal data to fall back on. I have 2 years of self-pubbing experience, and when I started I didnt expect it to become my main source of income. It also took me over a year, even with the data, to come to the conclusion that signing with a traditional publisher is a bad idea.
But now Im convinced. Signing with a traditional publisher, even being offered $200k per book, is a VERY BAD IDEA.
And I believe these numbers back me up.