Author Bret Easton Ellis thinks that eBooks might be good for book sales. The author spoke to GalleyCat via Big Think to create the above video. Ellis told our sibling blog that his friend is buying more books thanks to the iPad.
Galley Cat reports: “He concluded: ‘the idea of a book costing not $25 anymore but $10 means you’re also wiping away a lot of the cost of making a book. You know, the printing, the shipping, et cetera. And so the royalty rates for authors are shifting as well. So it’s not as authors are necessarily going to lose money on their work in terms of people like buying to download them. The royalty rate is actually going to be the same, if not more, because they’re cutting out all those other costs.”