Worth a complete read, I think. But this paragraph struck me as interesting:
Ask yourself this. If someone offered you a half-million dollars today as a one-time payment, or $50,000 a year for the rest of your life, which would you take? Assuming you weren’t in the middle of a financial emergency and expected to live longer than a decade, you’d be better off with the annuity. And that’s the difference between legacy publishing and indie.