Amazon’s recent statement is here.
Barry Eisler’s comments on it are here.
Hugh Howey’s comments on it are here.
Read all of the above (links open in a new window) … then come back.
My comments (on the general nature of this whole Amazon and Hachette thing) are below:
Is Amazon in business to make a profit? Yep. Investors cursed with short-term thinking don’t think so, based on recent losses being reported, but that’s their problem.
Amazon is a corporation, they are in business to make a profit, and they have what is (for most companies) a “missing” ingredient…
… they truly understand where those profits come from. The fact this post by their book team had the words “price elasticity” in it, should tell every single Big 5 publisher to go back to business school.
Amazon might mess with the terms for authors in the future, sure. They won’t make all authors happy, all the time … okay… so what?
What publisher or retailer has?
Amazon has a LONG way to go before they enter the realm of “screwing” authors. And Amazon also knows that if they do that, it would hurt business, because authors would probably go through other distribution channels.
Amazon won’t do that. The “asset” created by treating authors fairly is too valuable to their business for now. Until that changes, I don’t see any future where Amazon will just outright screw authors over. They might “fudge” the numbers, like they have recently … but nothing more.
That’s a LONG way from what Big 5 publishers are doing to their authors (except for the top percentage of their authors).
If anyone from a big 5 publisher can read Amazon’s recent post … and with a straight face tell people (in public) that ebook prices should be kept on the high side (that is, above $9.99 in general) … there is no hope for them.
Because math is math, no matter HOW you look at it.