Earlier quoted context omitted.
When you say "publishing industry" you're really saying "paper book industry", right ? Nothing stops a publisher from being an ebook publisher, and that's a tried and true successful model adopted all around the world. You'd have made the same argument for vinyl record publishers saying they're cornered into a niche, but no, as you point put artists will still want editorial power and support, so digital music is thr…
> Nothing stops a publisher from being an ebook publisher Except that the biggest platform for ebooks (by a big stretch, they own ~70% of the market) is a company that you have a direct adversarial relationship with in most other parts of your business.
Remember that Amazon was willing to basically treat eBooks like normal books - negotiate the price they pay with the publishers and then sell the books at whatever price they want. The publishers are the ones who forced the agency model where retailers are forced to sell at a set price.