Amazon, apparently no longer all that comfortable with the role that it has settled into during the course of its ongoing standoff with the publisher Hachette—unrepentant and unyielding monopoly monster—now wishes to explain itself: It's also important to understand that e-books are highly price-elastic. This means that when the price goes up, customers buy much less. We've quantified the price elasticity of e-books from repeated measurements across many titles. For every copy an e-book would sell at $14.99, it would sell 1.74 copies if priced at $9.99. So, for example, if customers would buy 100,000 copies of a particular e-book at $14.99, then customers would buy 174,000 [...]
Credit to Amazon reviewer Sam_One, who noticed "something weird" going on back in May:
Something weird seems to be going on with Warner Bros. pre-orders. Loads of them are not available anymore, and all of them were removed pretty much at the same time (I had several of them in my "Saved for Later" list. This includes most releases of 300: Rise of an Empire, The Nutty Professor Box Set, The Man who knew too little, Looney Tunes Platinum Collection Vol. 3 etc. etc. All of them Warner releases, some of them pretty big.
— Sarah Weinman (@sarahw) March 30, 2012
Haha, right? Just kidding! Not gonna happen.
So yes: Greg Smith changes careers, from one system of fleecing people to another! Publishing and investment banking have a lot in common in their machinations actually. Just that in publishing, only eight people get rich. And you gotta move a lot of merch to get that $1.5 million back. But don't worry about Hachette's Grand Central; they've got David Baldacci and Abraham Lincoln Vampire Hunter to [...]
The thought of the future is often terrifying because we are biologically programmed to be frightened by dim uncertainty. But, as we've made steady progress toward the construction of a time machine, some pieces of the future have inadvertently slipped into our own time, providing a comforting sense of probability, if not certainty, about the fate of certain key elements of civilization: Mr. Zandri, an author of mystery and suspense tales, is published by Thomas & Mercer, one of Amazon Publishing’s many book imprints. He is edited by Amazon editors and promoted by Amazon publicists to Amazon customers, nearly all of whom read his books in electronic form on [...]
The book industry is getting comfortable with the m-word: They are beginning to like the way it feels when it leaves their lips, the way it reads in interviews, the way it sounds in public conversation. Popular airport storyteller James Patterson recently told BookExpo: "If Amazon’s not a monopoly, it’s the beginning of one."
Amazon's pointedly cold conflict with Hachette, a company with a major part in Amazon's past and little obvious role in its future, at first felt personal—like, there must have been some bad blood, or a grudge, for Amazon to effectively de-list one of the largest publishers in the world, right? But the reality is [...]
It has been more than a full moon cycle since one was able to purchase books published by Hachette in a reasonable manner from Amazon, which—despite selling books largely as an accident of history, and now essentially vestigially—has a forty percent share of new book sales in the U.S. But this hostage situation will apparently see only one resolution: the complete and utter capitulation of Hachette to whatever Amazon is demanding. Russ Grandinetti, a Kindle executive, told the Wall Street Journal that Amazon "was willing to suffer some damage to its reputation and was simply doing what is 'in the long-term interest of our customers.'" Books were [...]
"The Internet retailer, which controls more than a third of the book trade in the United States, is marking many books published by Hachette Book Group as not available for at least two or three weeks. A Hachette spokeswoman said on Thursday that the publisher was striving to keep Amazon supplied but that the Internet giant was delaying shipments 'for reasons of their own.'"
Ah, god, Amazon's seasonal publisher demoralization came early this year! The story is a little crazy in just how transparent it is: Neither Hachette nor Amazon wants to say exactly what's going on but what is probably happening is a routine, broad negotiation of [...]