8 years ago
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E-Book Sales Fall After New Amazon Contracts
E-book revenue is falling, and some people in the publishing industry say it is partly because of the higher prices that have resulted from new contracts negotiated with Amazon. Consumers appear resistant to e-books costing more than $10. When the world’s largest publishers struck e-book distribution deals with Amazon.com Inc. over the past several months, they seemed to get what they wanted: the right to set the prices...
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The major publishers seem to have missed the memo on why Amazon's (e-)book business has done so well. I'm not gonna pay the same amount for a digital copy as I would for a paperback, and I have a feeling most people think that way. We have all been spoiled by the prices at Amazon, and there's no going back from that.
I think a lot of the publishers have completely lost track of the market in which they sell their products, not realizing that a lot has happened in the past 10-15 years which changes the game for everyone. They're too concerned about maximizing profits and too caught up in the "traditional" way of achieving that goal to see why they end up losing money instead.