Quote:
Originally Posted by rhadin
Yes, that is correct. But the reason given for the drop is that agency pricing allowed sellers like B&N to compete. No bookseller whose primary revenue was reliant on selling ebooks was able to compete with Amazon and few tried. Agency pricing ensured that Amazon could no longer sell at below cost. It is worth reading B&N's opposition to the DOJ settlement agreement.
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Before the agency model came to be with the price fix six, Fictionwise had a very good business model and I used to buy a lot of eBooks from them. They even allowed me to buy free eBooks in essence since the price of what I bought was then used to buy other eBooks.