Quote:
Originally Posted by wallcraft
What they are afraid of is that Amazon will stop deeply discounting new and bestseller ebooks and readers will then stop buying from publishers who don't reduce their list price to sane levels.
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I doubt Amazon would "stop buying," because I don't think Amazon buys anything before they sell it, especially not ebooks.
But customers could stop buying over-$10 ebooks if they've gotten used to the lower prices; that's already happening in some cases. And if more publishers go along with that upper limit, the big publishers will lose customers, even for bestselling books. So presumably, they want to convince the customers to not get used to the lower prices... which is pretty much a lost cause. Because some publishers *will* cater to that price point, and Schuster & Hachette are going to find out that they're not part of the literary elite that can demand that kind of prices.