Quote:
Originally Posted by darryl
@leebase. And all this time I thought price competition was about "lower" prices! My head hurt trying to follow Apple's arguments about how their entry into the market increased competition whilst driving up prices! I thought that Hachette had no contract with Amazon (because they were not in a hurry to reach agreement) and that Amazon generously sold their books anyway! I thought a book's intrinsic value was not the same thing as whatever "price" it happened to be selling at at any particular time. I thought that it was okay for a business to match a cheaper sales prices at a competitor. I thought it was Google which was denying authors the right to control whether their books went on sale.
And worst of all, I still think that I was and am right.
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If I remember right, Google and Amazon both reserve the right to put an ebook on sale if they feel like it.
The difference being Google will still pay the royalties on the price the author set, whereas Amazon pays on the price they sell it for.
So if Google puts a $5 book for free, the person still gets the royalties on the $5. When Amazon price matches the person gets shafted.