Quote:
Originally Posted by pwalker8
You question why it's bad for a monopolistic company to gut it's suppliers' business model? Fortunately, at the end of the day, Amazon was unsuccessful and predicted demise of the traditional publishers was grossly exaggerated. Major authors haven't abandoned the traditional publishers for the Amazon's indie market as predicted by some here.
The bottom line is that while most here like eBooks, they never became mainstream for a number of reasons. Unless that happens, there is very little incentive for major authors to move to a mostly digital book (eBook and audiobook) business model.
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So Amazon was "a monopolistic company" and the illegal publishing cartel members are just suppliers? Even if you were right about Amazon being a monopoly and a harmful one it did not give the cartel a license to break the law, as the Courts found. More efficient and innovative businesses gut the business models of their competitors and even suppliers all the time. It is called competition. In fact, one could argue that Apple and the Publishers sought to gut the business model of Amazon by price fixing, thereby eliminating competition at the retail level. That was an illegal price fixing conspiracy, not competition.
Traditional publishers are going to be with us for quite a while in some form or another, but they have already had to change and are experimenting with further change, in response to various factors including Amazon's Indie market.