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Personally, I am against exclusivity for eBooks. I don't want to see an eBook come out in just one format. These days they should be in two formats at least those being ePub & Mobi. LIT is dead so that's not going to happen and I think eReader is mostly dead but it still possible for that format.
So really, there should be no real reason for exclusivity. All that does is piss people off and generate overall lower revenue for the publisher and/or author.
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