Saturday, 28 February 2009

Is Amazon killing the goose that lays the golden eggs?

...Binky Urban, perhaps the world's most successful literary agent, has some hard words for Amazon.
Another issue that concerns her is book pricing: Amazon is breaking the market, she says.

"Amazon prices books at $9.99. Books in hardback cost $30.00, and the stores give a discount and the price goes down to $15.00. Amazon is not regulated the way retail outlets are, so they can do whatever they want."

So they might wipe out the publishers. Are you fighting them?

"They can definitely wipe out the publishers. The problem is that the publishers need them. Amazon isn't an easy company to do business with. It's a very secretive company; they will not share any of their sales data."

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Janna Qualman said...

I've wondered about Amazon's pricing before, about how it affected all of this. Thanks for the post!

And Binky? (I've never heard of her. Am I really out of the loop?) Poor dear.

Janet said...

Binky's real name is Amanda. And apparently, yes, you are out of the loop. ;o)


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