User Problems
For Authors
- Traditional Publishing Is Complicated & Outdated
- Author Loses Ownership & Creative Control To The Publisher
- Publisher Takes Majority % From Book Sales
For Readers
- Readers Can't Re-sell Their eBooks
- Many Readers Can't Afford New Books Regularly
- Books & Comics Are Not Always Regionally Accessible
Authors Problem in Detail
Traditional Publishing Is Complicated & Outdated
- 192M e-Books sold in the US alone in 2020 -Statista
- 1.7M self published books in 2018, rose by 40% from 2017 -Publishers Weekly
- £199M rev from e-Book sales in the UK, jumped 23% between January and June 2020. -The Guardian
Author Loses Ownership & Creative Control To The Publisher
- Amazon restricts books/e-books from entering library and keeps them online exclusive: Washington Post
- When the publisher takes a % of ownership, they are then entitled to revenue from the book, future books of the series, film/TV adaptations, digital/audio formats, as well as characters and settings from the book. The publisher takes a % of all future work before its even made - Morse Law
- Copyright can easily be lost. For example, in 2021, a judge ruled that they couldn't determine who owned the copyright to the popular fiction character “Jack Ryan”, a main character in “The Hunt for Red October” which sold over 100M copies & had 4 Hollywood movies - The Hollywood Reporter
Publisher Takes Majority % (Percentage) From Book Sales
- Authors earning are down 42% since 2009 as a result of increasingly lowered royalty pay-outs to authors - Authors Guild
- Authors typically get offered 10-15% royalties (€1.50 per €15 book sale) - Mack Collier & Inc
Readers Problem in Details
Readers Can't Re-sell Their eBooks
- In 2019, EU courts argued that reselling e-books is a breach of copyright law - Good Reader