"Writers don't need publishers anymore," says Joel Naoum, publisher at Momentum, a digital-only part of Pan Macmillan Australia, launched earlier this year. "The new technology allows writers to distribute directly and I think it's a fantastic development for us all."
"It means publishers have to try harder to provide value to writers and that publishers aren't accused of being 'gatekeepers' quite as often."
Royalties for self-publishers are generally much more attractive for those selling an e-book directly to the reader. Percentages vary, but an author will typically earn $2.66 from a $25 hardback, 68c from an $8 mass market paperback, or $1.49 for a trade-published e-book."
— Matt Smith, The Sydney Morning Herald