"Readers want ebooks, and they want to shop on Amazon. Most writers, even those who cling to their legacy masters with Stockholm Syndrome allegiance, know the royalty difference between what their publishers pays them and what they can get on their own. As bookstores close (hello Barnes & Noble) and the paper midlist becomes unsustainable, even those steadfast legacy authors are going to have to self-publish. Publishing will be relegated to managing backlists (at least until authors begin hiring lawyers) and their major bestsellers, who are eventually going to leave as paper sales become a niche market.
No matter whose side you're on in this current dispute, the future is already written. Hachette and the Big 5 won't be able to sustain their business model; protecting their paper oligopoly. And the mistakes they're making right now are only bringing this future to bear even faster."