Quote:
Originally Posted by fjtorres
Not looking for a fight but... they did.
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I think that shalym's point is that the agency model only went away with government intervention. There had not yet been sufficient reduction in sales to cause price reduction. That point absolutely remains valid.
It is certainly possible, maybe even likely, that the agency model would still be in place had the government not intervened.
Quote:
Originally Posted by fjtorres
Early in agency ebooks got as high as $16 (at Penguin) and when sales plummeted, the agency gang dropped down to the $13 range Jobs had insisted on. And by late 2012 they were running $11 and lower.
The BPHs wanted a baseline of $15 with occasional sales at $13 but were forced down to a baseline of $13. It was quiet but it happened; the average selling price of ebooks was documented in the trial papers and it showed a big spike and then a gradual decline in response to lower sales.
Check their combined revenue drop in 2010 and 2011, here:
http://www.digitalbookworld.com/2014...actually-make/
Edit: and look at the drop over 2011:
http://www.publishersweekly.com/pw/b...ost-books.html
With agency they really shot themselves in both feet and the rear. 
Anyway, consumers voting their wallet move markets. Even collusive ones. |