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Old 03-26-2010, 07:22 PM   #3
Elfwreck
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Location: SF Bay Area, California, USA
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I loved this part:
Quote:

The Authors are NOT getting additional royalties for this change. Everything goes to the publishers
I don't think that's entirely true--I think the authors are likely to get a bit more in royalties in some cases. The *main* difference is that BoB can't offer discounts.

And someone needs to sort out the laws about pricefixing, because demanding *every* retailer carry the same price should be problematic. Retailers should, at the very least, be able to refuse their own percentage and lower the price to cost.

Not sure how that fits with "agency," though. And I suspect the real hit will be to the 5 publishers' pocketbooks, when they figure out that a $14 ebook selling next to a $9 ebook from their competitor doesn't get bought, "bestseller" or not. Especially if stores like BoB and Fictionwise (wonder what they're going to do?) offer discounts & reward points for other purchases, but not the "agent" books.

If their profits sink like a stone, how fast will they react? How fast *can* they put in another contract, if one of them realizes they'll lose serious parts of the ebook market by being priced higher than other companies' books?

(Is kinda cute, really, watching the Big 5 insist on their sales terms. Like they don't have any real competition in the ebook world because they dominate the print world. In the print world, there isn't an option of, I will go read something else for free. In the ebook world, you're always choosing between a bestseller and an rss feed download.)
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