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Old 04-01-2010, 02:53 PM   #31
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Do you think FW could negotiate an exception for existing BW members allowing them to keep the existing discounts?
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Old 04-01-2010, 02:58 PM   #32
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Do you think FW could negotiate an exception for existing BW members allowing them to keep the existing discounts?
Not likely. Apple's contracts require that nobody offer lower prices than theirs; other bookstores are trying for the same terms.

It's possible that FW could keep its lower prices by offering *rebates* instead of *discounts*--Micropay dollars probably don't affect anything. But by offering a direct discount, they run into contract terms that the publishers aren't going to be willing/able to change.

It's possible that some bookstores will start figuring out how to play with rebates instead of discounts--buy this book, and get a $1 credit in our store, or buy any 5 books at $10 or more and get a $5 coupon. But whether or not they can do that depends on the exact phrasing of the contracts.
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Old 04-01-2010, 03:08 PM   #33
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I'd imagine that obvious loopholes like that won't be possible (also, a rebate wouldn't be what the club promised)
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Old 04-01-2010, 03:19 PM   #34
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Looking at the model (or what we know of it anyway) it looks like the publishers are trying to ensure that they get a guaranteed x% back on every sale. So rebates which don't touch the profits of the publishers should be ok. I say "should" because I haven't seen the small print. They could have outlawed that too.

On the legal point, I suppose the one possible claim could be a breach of contract. The "you promised me discounts, so I bought membership and now you're not going to give me the discounts. I want my money back!" approach.

However, I reckon if we check the small print of the contract it'll say that the discounts available can be changed by Fictionwise at any time, without prior notice. That's standard practice so the company doesn't sign themselves up to something the they won't be able to honour at some point in the future...like now. If you want to argue with that clause that the ability to change discounts is unfair then you're into the Unfair Contract Terms Act here and good luck with that one... Generally the rule is caveat emptor or buyer beware before signing [sic]

However, I freely admit that I'm not a corporate or commercial lawyer, you should in no way rely on my advice and I know nothing about US law and things may be totally different over there.

Infact they are still offering discounts where they can (i.e. honouring the 15% Club discount for the life of your membership) but they're having to withdraw discounts for REP books.

I'm taking a "wait and see approach" as I've only got one year left. I'll see what Fictionwise do once the dust has settled and then decide whether to ask nicely whether I'm entitled to some money back as a good-will gesture.

Last edited by Grumpyreader; 04-01-2010 at 04:23 PM.
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Old 04-01-2010, 03:23 PM   #35
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Yeah. In my case I'm kinda lucky. I only got it for 1 year because at the time they were offering a 100% rebate of the BW membership price. I had books I was going to buy anyway, so I figured why not? So I'm actually not out any money at all, even if BW was pulled out from under my feet.
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Old 04-01-2010, 03:33 PM   #36
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For once it's better to be outside US when buying e-books then inside!

I've just noticed that Waterstones are selling [shudder] Twilight by Hatchett Digital at below RRP. A whopping £1.60 off too. Looks like the Brits haven't caught on to REP or perhaps haven't implemented it yet?

I haven't tried to buy it to see if it's still purchasable (does that word even exist?) because...well...it's Twilight but it's still listed for sale at less than RRP.
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Old 04-01-2010, 11:55 PM   #37
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This is not news... I have moved it to the discussions thread.


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Old 04-01-2010, 11:55 PM   #38
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Wolfman,

What do I do with my micropay money if I don't buy ebooks from FW?
Continue to buy books with it. No one said you couldn't.

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Old 04-02-2010, 01:16 AM   #39
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Bob.

FW induced readers to purchase long term memberships by creating the expectation that deals would be available for the length of their memberships. A question is created regarding whether they have delivered to their members that which they promised. A further question is whether FW had a duty, if any, to tell its members that the opportunities it promised was about to evaporate. I, for one, refuse to believe that FW decided Wednesday morning that they were going to both reduce the books offered and further increase the cost of the books that remained. I believe they had a duty to those from whom they had accepted money to give them a warning of the impending changes.

To you, as an experienced hand in the ebook business, this might not be news. To me, as a newbie who paid good money to FW for a long term relationship, this was important news. Sorry you don't see it that way. If they had told me, I would have purchased the books in my wish list that are now gone.
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Old 04-02-2010, 05:47 AM   #40
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Old 04-02-2010, 07:40 AM   #41
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Continue to buy books with it. No one said you couldn't.
It's foolish to buy books if they don't carry anything good anymore, though.
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Old 04-02-2010, 07:53 AM   #42
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It's foolish to buy books if they don't carry anything good anymore, though.
Hmmm. There are 10,490 items from Random House alone available. There must be something worth reading there.

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Old 04-02-2010, 08:11 AM   #43
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Hmmm. There are 10,490 items from Random House alone available. There must be something worth reading there.
Yes, there is. I own most if not all of it, though.
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Old 04-02-2010, 08:15 AM   #44
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From what I've read on Teleread, it's possible that Amazon, FW, BON, and others not yet setup for Agency pricing will be set on April 3.
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Old 04-02-2010, 08:33 AM   #45
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Yes, there is. I own most if not all of it, though.


Touché

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