What happens when there are as many ereaders as mp3 players?

The headline on this post is a quote from my favorite self-publishing advocate JA Konrath.

Here it is again, “What happens when there are as many ereaders as mp3 players?”

I must say that this is perhaps the most driving and important quote I’ve read on the matter of self-publishing vs. traditional publishing. I mean, it blew me away. Because he’s right. What does happen when there are as many ereaders as mp3 players?

Think about that. Wow, just wow. I’ve always believed that my two children, now 10 and 7, will probably never ever read a print newspaper. I mean, ok, maybe, they can read now, but you know what I mean. By the time they are 20, do I really think they’ll be subscribing to the local newspaper. No way.

Here’s the full letter that JA posted on Galleycat. How do you argue with this? You can’t.

But I haven’t heard of a single experienced author who has re-signed with a legacy publisher after finding self-pub success. I know dozens of authors who have had a lot of books published by New York, and they won’t ever take another Big 6 contract since they’ve gotten a taste of the freedom, control, and money self-publishing offers. If I was offered a million bucks to sign with a New York publisher, I’d laugh at that. I made $150k on my own in the last two months, and ebooks haven’t even become widely adopted in the US yet. What happens when there are as many ereaders as mp3 players? What happens when ebooks become a global market? Why would I give away 52.5% of my royalties to a publisher?