3 years ago
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Amazon vs. Hachette Update
It seems that the culprit may have finally been repealed. The case that began a while back (http://www.vingle.net/posts/355468), a motion has been made! Amazon released a statement, discussing what has happened from their end. They have been trying to work with Hachette to make a solution, and have been met with nothing but resistance. It seems that hachette is trying to hold out until September, when it may be able to overturn Amazon's flat e-book pricing decision to return to a system where they can set the prices. Amazon is offering to enter negotiations, and during that period, to pay author's the full price--nothing taken out for themselves of Hachette--to author's. What author wouldn't like that?! But Hachette is refusing, and because of this, author's continue to get nothing! While Hachette says they have their author's best interests in mind, I don't believe it: they're part of 10 billion dollar conglomerate, and they should stop acting like children.
greggr clipped in 1 collections
But Hatchette makes its money by selling books. Amazon makes its money by selling...everything. Only 7% of Amazon's sales revenues are now from books. Shelf Awareness, a book sellers' newsletter described Amazon's move as "a bit like a mugger wanting praise for donating stolen goods to charity." Amazon wants to become the only source for ebooks. Guess what will happen to prices then?
@LibraryLady They're both in the wrong, I think. Why is it fair to keep the authors waiting? Isn't it better to make some sort of move instead of this strange battle of wills.
Yes, it's not like Hatchette is some indie publisher struggling valiantly against Amazon. I just worry that when Amazon becomes the only source for ebooks, we will all suffer.
@LibraryLady That is likely the case, as it is if any big publisher takes over everything. Let's hope we can return to some reasonable balance.