31
January
2010
|
08:50 AM
America/Los_Angeles
Amazon Gives In -- It Should Not Be Telling Publishers What To Charge
Amazon decided that fighting with Macmillan over book pricing was a wrong move. [Analysis: DRMStore Wars Begin...Bad News For E-Books, E-Readers But Good For Notebooks]
Sunday afternoon Amazon published this notice:
Good news. Amazon should not be in the business of telling publishers what they can charge for their books. It might have been able to do that if it had a monopoly on e-readers, but thankfully it doesn't.
Amazon should just distribute the books and collect the money. It already gets a big chunk of the revenues. It charges newspapers as much as 70 per cent of the revenue to distribute on the Kindle! For what? For pushing some bits over a pipe? How much creativity went into that?