First Day results are in.. and it's a SUCCESS (Score 1)

Many of you here commented that King will *never* get the 75% loyalty from readers who would pay $1. Well, you're dead wrong. Apparently King's spokesman has said that they have received in excess of $50,000 from credit card payments on the first day alone, which was roughly 75% of the total number of downloads. This doesn't include dollars in the mail which have yet to arrive. Looks like this is really going to shake up the publishing industry. Somebody think up a business model to make this pay-as-you-read work for the lesser-known writers, and you got yourself a business worth some serious VC. As I'm somewhat involved in this business, if you're actually interested in taking this discussion further, you can correspond with me at my email account. Thanks.