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Old 08-28-2014, 09:45 AM   #616
darryl
Wizard
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Posts: 1,351
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Join Date: Nov 2011
Location: Australia
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If you believe that Amazon is simply cutting prices to establish market dominance then you are being very optimistic from the point of the BWM's. Amazon is a direct competitor. It is now a major publisher in its own right. It appears to me that Amazon has created a whole new market for books priced from 0.99 to 9.99, and it is itself publishing most of the books to satisfy this market. It is also offering the vast majority of authors a much better deal than they can get with the BWM's, and without them relinquishing the intellectual propery in their work. Unless the BWM's get their act together very quickly and come up with a competitive business model they are doomed.
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