|
From the NY Times article
"The result was what is known as “lock-in.” Apple built up extraordinary market power and leverage to dictate terms to the major music labels on matters like the price of digital songs. Then, as now, second-tier players banded together to promote the increased flexibility and choice that open standards gave to consumers.
“If the business terms and conditions end up being dictated to publishers by one bookseller who has a chokehold over the value chain, publishers are going to have a hard time staying profitable,” said Bill McCoy, general manager for Adobe’s digital publishing business."
So is this really good news for the consumer? I hope prices for ebooks don't stay high and reflect the fact that they are digital media, assuming that there is a cost savings of going from paper to digital.
Itunes did bring about the 99 cent per song as Amazon has brought about $9.99 for new releases of best sellers.
|