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    I haven't found any solid studies, but Tor Books publishes all of its books DRM free. Theyclaim it hasn't impacted business in a negative way.CommentedDec 27, 2013 at 16:28
  • @vcsjones, a retailers self review probably counts as a study. You could probably work this into an answer.CommentedDec 27, 2013 at 17:57
  • @vcsjones I don't see how the lack of DRM would ever hurt sales. Who says "I won't buy your / read your book until you add DRM to it." I think the question is "Does having DRM hurt sales, and by how much?" or "Does not having DRM help sales, and by how much?" Specifically if there are studies answering this question.CommentedDec 28, 2013 at 13:46
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    @John: The typical argument is that no DRM makes pirating (and general unlicensed sharing) easier, leading to more copies shared for free and fewer copies sold. In extreme cases, this logic has been employed (spuriously) to count individual illegal downloads as "lost sales," which could have been preserved with strong enough DRM. For less extreme arguments, a study would be helpful :)CommentedDec 29, 2013 at 6:49
  • @vcsjones Ahhh, I see. So, no DRM -> more piracy -> lower sales. I get it now. Thanks.CommentedDec 29, 2013 at 6:59
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