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Old 12-16-2011, 05:59 PM   #31
CazMar
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I can only go with my own personal reaction to the new pricing. I bought a lot fewer best sellers this year than I did last year. I've also bought more used physical books this year than I did last year. I have also tried a lot more self-published authors this year than I did last year. Of course changes to my buying patterns are all just anecdotal evidence, but if I am not the only one who has changed his purchasing habits then the publishers truly are shooting themselves in the foot.
And thinking about it I would have to say I have been doing much the same! Small DRM free publishing houses are getting my business and I am actually buying more non-fiction P-books when I see a good price (a sale etc). The only reason I haven't bought a lot more second-hand books is because I am running out of library space!
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Old 12-16-2011, 06:45 PM   #32
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The only reason I haven't bought a lot more second-hand books is because I am running out of library space!
There's the added value publishers are talking about.

Since eBooks don't take any space, they're worth paying more for.
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Old 12-16-2011, 07:06 PM   #33
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Surely there has to be a price for content, well, quality content at least, otherwise how wld the creators of said content pay for their espressos? Your artist has to live. That said, I am glad that prices have tumbled because the large publishing houses have had their day.
The problem with all of these claims of publishers getting it wrong is that publishers are doing very well by e-books. Big publishers' sales *tripled* in the year after agency pricing was put into effect, and e-books are accounting for an important part of their profits (they are still only 10% or so of the US market, but that's a decent chunk).

So far there is no evidence that cheaper indie books are hurting publishers at all.
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Old 12-16-2011, 07:20 PM   #34
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I do have to say that the lack of ebook sales really does kill off impulse sales. I don't know how many games I've bought off steam lately, because of a sale. Most of them I've not played (I don't use Windows, and not everything likes Wine), but were an impulse buy. "zOMG! IT IS 50% off!". I mean, I can't remember the last ebook I've bought. Almost everything has been from the library, or freebies.
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Old 12-16-2011, 09:42 PM   #35
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There's the added value publishers are talking about.

Since eBooks don't take any space, they're worth paying more for.
Buying used books for half list price (or less) and then selling them when you're done reading them doesn't take any space either, and it's much cheaper than ebooks. It is my hope that the publishers will eventually decide that there should be a ebook price-point that corresponds to the used paper book market, but I don't expect that to happen until most of the likely buyers of eReaders have done so and are done buying their "must-haves".
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Old 12-16-2011, 09:55 PM   #36
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The problem with all of these claims of publishers getting it wrong is that publishers are doing very well by e-books. Big publishers' sales *tripled* in the year after agency pricing was put into effect, and e-books are accounting for an important part of their profits (they are still only 10% or so of the US market, but that's a decent chunk).

So far there is no evidence that cheaper indie books are hurting publishers at all.
I think that the reason for this is because there are millions of new eReader owners with very few ebooks and they are buying their must-read authors and their favorite books for their new eReaders. I think that in a year or two, after most people who want an eReader have already bought one, and have purchased their base set of ebooks, big publishers will find that customers will resist buying high priced ebooks. Just as in the print world, not everybody is willing to pay top dollar for a new release, and many readers will wait for price drops, buy fewer ebooks, and/or find new, cheaper authors.
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Old 12-16-2011, 10:12 PM   #37
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The added value would be there if it was DRM free.
with NO geographic restrictions
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Old 12-16-2011, 10:32 PM   #38
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Originally Posted by bgalbrecht View Post
I think that the reason for this is because there are millions of new eReader owners with very few ebooks and they are buying their must-read authors and their favorite books for their new eReaders. I think that in a year or two, after most people who want an eReader have already bought one, and have purchased their base set of ebooks, big publishers will find that customers will resist buying high priced ebooks. Just as in the print world, not everybody is willing to pay top dollar for a new release, and many readers will wait for price drops, buy fewer ebooks, and/or find new, cheaper authors.
Exactly
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Old 12-16-2011, 10:39 PM   #39
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The added value would be there if it was DRM free.
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And well edited.
And if you could give it away or sell it when you were done.
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Old 12-16-2011, 10:56 PM   #40
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And if you could give it away or sell it when you were done.
In that case an ebook would be worth a LOT more than a pbook, since it would be vastly superior in every way. I don't think we should ask for that, it could well mean ebook prices would have to be double what pbooks go for. They never get damaged and could be passed along endlessly (even if just a single copy remained in existence that could be a lot more readers per copy than with a pbook).
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Old 12-16-2011, 10:59 PM   #41
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Of course, the retailers aren't happy if you buy a $0.99 ebook instead of the $9.99 one.
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Old 12-17-2011, 01:38 AM   #42
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Buying used books for half list price (or less) and then selling them when you're done reading them doesn't take any space either, and it's much cheaper than ebooks. It is my hope that the publishers will eventually decide that there should be a ebook price-point that corresponds to the used paper book market, but I don't expect that to happen until most of the likely buyers of eReaders have done so and are done buying their "must-haves".
Some of use want to keep books, not just read them and then get rid of them.
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Old 12-17-2011, 03:18 AM   #43
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From the point of view of an economist, there is simply zero evidence that agency pricing is hurting Ebook sales, which have tripled since the introduction of agency pricing.
There are many examples of producers of content setting prices. In some countries it's not only legal, it's required.
Allegations that publishers colluded to fix prices are just that- allegations. Allegations aren't evidence. The Justice Department is doing its job in carrying out an investigation, but unless it uncovers evidence that the publishers are somehow sitting down together somewhere and setting prices on books or groups of books, then they will conclude their investigation with a finding that the allegations are unproven.

Last edited by stonetools; 12-17-2011 at 03:39 AM.
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Old 12-17-2011, 04:07 AM   #44
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Hmm... it seems to me that each publisher has a monopoly on each book that they
publish. There are not different publishers competing to provide different versions of
the same book by the same author.

I would also say that the value of a book is in what a consumer is willing to pay. If
you ask me, I don't think that all ebooks should be valued at $9.99 or any other arbitrary
price.

That "Agency Pricing" results in a set price for whole classes of ebook releases,
and that the pricing changes in lockstep with the other publishers ebooks, make
it obvious that there is some sort of collusion involved.

Luck;
Ken
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Old 12-17-2011, 04:32 AM   #45
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Tell a lie big enough and some people will believe you.
Apple's reality distortion field anyone?
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