Quote:
Originally Posted by bgalbrecht
It's because Amazon will force the publishers to sell their books for too low a price, the publishers won't be able to make any money so they won't be able to pay 6-7 figure advances to the big name authors, and after a couple of years of this, nobody will have any new books to read, or if we do, we'll only have lousy books from indie publishers or self-published authors.
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Well, that's just totally incorrect. First, publishers rarely pay any advances anymore. Second, as admitted by one major publisher their cost to publish an ebook is almost nil. Everybody is making plenty of money at Amazon's prices or authors would stop writing and book publishers would stop publishing. Regardless, the market should be free to set prices not publishes colluding in a back room with Apple. With Apple's fixed pricing they were selling ebooks for more than paperbacks and I'm talking about books that were out long enough to be in paperback format. They were simply greedy and what they did was illegal. If Apple's prices were so good then why did the book settlement give a rebate to everybody who bought books after Apple jacked up the prices?