03-19-2010, 11:46 AM | #16 |
The Dank Side of the Moon
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03-19-2010, 12:06 PM | #17 |
Wizard
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Unless it's amazon or apple making more money. How knows.
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03-19-2010, 12:23 PM | #18 | |
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03-19-2010, 12:49 PM | #19 |
Wizard
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Sorry to say that is certainly a form letter. I've seen it posted in 3 or 4 different places now as a response over various issues.
Well, I'm guessing it isn't the authors who are getting the benefit from our higher pricing ... since Macmillan cut their eBook standard contract royalty rates from 25% to 20% last October. So let's all say it together now. Customers pay more, authors make less ... who's getting the dough? |
03-19-2010, 01:09 PM | #20 | |
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We'll call it "Kneeding Dough" Customers pay more authors make less. Who's getting the dough? I think we know |
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03-19-2010, 01:23 PM | #21 | ||
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authors make less. Why are they restricted? We won't get addicted? At this rate we'll go back To paper and lack bye bye my reader gi'e the publisher the sack! |
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03-19-2010, 01:27 PM | #22 |
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03-19-2010, 04:09 PM | #23 | ||
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03-19-2010, 04:15 PM | #24 | |
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Previously the publisher would charge Amazon a wholesale price (e.g. $12) per ebook. Amazon would then set whatever price they wanted. In some cases, Amazon was selling the ebooks at a loss -- i.e. subsidizing your ebook purchase in the pursuit of market share. Under the new system, if a new ebook is $15, and the publisher gets 70%, Macmillan gets $10.50 per book ($1.50 less) and Amazon is guaranteed positive revenues. Macmillan has also floated the idea of increasing author royalties, to compensate for the reductions in the cover price, upon which the royalty percentage is based. Ergo there is no "voodoo" or "dishonesty." Amazon is the entity that gains most of the increase in revenues from this arrangement, but loses the ability to apply discounts or have loss-leaders as a method of gaining a competitive edge. |
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03-19-2010, 04:18 PM | #25 | |
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Unless by product you and/or they are including print, which is a bogus perspective. The product is the ebook, not the corporation. |
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03-19-2010, 04:19 PM | #26 |
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03-19-2010, 06:31 PM | #27 | |
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2010-1955=55 years. Out of copyright in Australia? |
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03-19-2010, 06:41 PM | #28 | |
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However, if the copyright law *it was published under* remained in effect, it would now be in the public domain. The Sony Bono Act stole a lot of works from the public by retroactively extending copyright. |
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03-19-2010, 06:45 PM | #29 | |
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Old model - $24 cover price. Get paid 50%, $12. ~10%, $1.2, to the author. Leaves $10.80 for the publisher. Some are sold for $10 to the public, or have other deals, but this has no relationship to what the publisher and author get paid. New Model - $15 cover price. Get paid 70%, $10.50. ~7.5%, $0.8 to the author. Leaves $9.7 for the publisher, and this is invariant, disallowing deals - so a higher headline price and less general attraction due to inflexible pricing, which will push down sales. So yea, 10% less per book for the publisher, 50% less for the author. Public will tend to pay marginally more (since the reality is that loss-leaders are a minority of books sold). The retailer gets a fixed cut, $4.50, rather than being able to be flexible. Last edited by DawnFalcon; 03-19-2010 at 10:41 PM. |
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03-19-2010, 07:13 PM | #30 |
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My feeling is we'll just have to wait and see what happens come April when the new pricing goes into effect. Will all those overpriced eBook that are in paperback be reduced properly? That's when we know if this works or not.
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