Authors to earn royalties on secondhand books for first time
Unlike regular book sales or library borrowing, authors do not receive a penny from the sale of secondhand editions of their works – but a new scheme dreamed up by used booksellers is set to change this for the first time.
That could end up hurting the sales of used books. Those that operate used book stores, in order to send the proper amount of Royalties to the ALCS without making less profit, will most likely find they need to raise the prices of the books they sell. That, in turn, could result in fewer sales depending, of course, on how much more is charged for used books.
The book store owners may have forgotten that these days more, and more people are doing their reading on a Kindle instead of making the purchase of an actual book. Places like Amazon often offer a book for $0.99, or even free for the Kindle user.
I think you're right, no one is going to be happy in the end. Well except for maybe the Kindle users