So now Amazon is ISIS. What a bunch of rubbish. Here we are with more of that ‘new civility’ we were encouraged to remember for five minutes. But only the people in opposition to the Leftist Operatives With Bylines must comply with. http://pjmedia.com/lifestyle/2014/10/31/who-is-the-real-monster-in-publishing-a-halloween-tale/ No, I’m not linking to the Telegraph original. They do not deserve the hits.
Amazon is a business. They do what they think will make them long-term profit. Period. Now, I will conceal nothing from you: I do not know how a business bleeding hundreds of millions of dollars a quarter can sustain its existing operating model. I know enough about both economics and math to understand that is not sustainable losses for anyone who is incapable of legally printing tender. That said, if Hachette wasn’t hemorrhaging as well, Agents, A-list authors (the only ones who would lose if Hachette passed away) and their media allies wouldn’t be rushing to their aid. I do *not* think Amazon can go on indefinitely paying 70% to the e-book author. I also do not believe for a second publishers give a flying carp about raising THEIR royalty rates. They’ve been making themselves fat off saying they’re necessary while doing less for so long they don’t know how to live on less than 90% of the take. And given they want to place e-book prices at artificially high rates, so that you’ll keep buying dead trees, you can bet that if it isn’t Amazon, it will be someone else undercutting their share. Because the jinn is out of the bottle, and there is no chance of going back to the 20th century scalping model publishers loves and the rest of us endured.