Publishing profits are better than they were 10 years ago, all the time that Internet Archive has been doing its thing—loaning the books it owns.
And yet Big Publishing is pouring money into suing the Archive, saying that they’ve been economically devastated?
We don’t see it.
What publishing wins from the Archive, if they win (and they shouldn’t), is $$$ straight into the pockets of lawyers and lobbyists, not #authors.
Ask us how we know?
We made a third chart.
While the tens of billions publishing is making has been at historic highs over the past several years, median author incomes, which frankly were always pathetic, have gone down over 50% since 2007.
This massive dip on the chart of author incomes (thank you #AuthorsGuild for the data!) looks an awful lot like the plunge that record labels took when, their words not ours, someone was “stealing” from them.