It is being quietly disrupted, just probably not in the way people want.
Webnovels on sites like royalroad.com monetised via patreon and then published on Kindle Unlimited & Audible offer a different publishing model to that of traditional books and one that works really well for the right genres.
The audience that reads them is reading purely for entertainment, has vastly lower standards and is willing to directly support their favourite authors to the point where the most successful authors who started 5 years or so ago are now millionaires.
But this is mostly an anathema to the traditional publishing industry and for the most part they're pretending it doesn't exist because they literally cannot compete with it in the niches it now dominates.
This is correct. I give $3/month on patreon for 2 chapters a week to this one author. $36/year isn't a lot, but it takes these authors' years to finish these books at this rate, and any author would kill for the amount of amount I sunk into 1 book. Multiply it out, and it becomes a livable wage if you can get enough people to support your patreon. I have a friend I personally know who did this. He's not even a good writer. He just found an underserved niche and made a livable wage $1from somebody at a time. His writing improved and I'd say it's passable, but no one would pay $10 at all once for any book he wrote. Apparently over a year is fine though.
This is the interesting thing about this entire thread. There are a lot of opportunities for authors to make a living, even potentially become wealthy writing but they actually have to write in niches people want to read.
Instead I get the sense that the people writing these "debut novels" are really looking for fame/acceptance within the kind of social circles that value "great intellectual novels".
Webnovels on sites like royalroad.com monetised via patreon and then published on Kindle Unlimited & Audible offer a different publishing model to that of traditional books and one that works really well for the right genres.
The audience that reads them is reading purely for entertainment, has vastly lower standards and is willing to directly support their favourite authors to the point where the most successful authors who started 5 years or so ago are now millionaires.
But this is mostly an anathema to the traditional publishing industry and for the most part they're pretending it doesn't exist because they literally cannot compete with it in the niches it now dominates.