Sunday, May 25, 2014

Amazon vs. Hachette Book Group

Has everyone seen the articles going across the interwebs, the Twitter and Facebook posts, etc. about the feud going on between Amazon and the publishing company, Hachette Book Group? If you have, what do you think about it?

For those of you who haven't, I will post a couple of links at the bottom of this post for you to get caught up, but for now, this is basically what is going on:

Amazon and Hachette could not come up with an agreement on pricing verses the amount of discounts that were going to be given. Amazon prides themselves on a few things. One of them being pretty fast shipping without the high cost, and the low prices of their books. From what I gather, Amazon is trying to get bigger discounts for Hachette books. The two sides are not agreeing, so what did Amazon do? A few things. At first, they were removing the buy buttons from e-books, then they were making shipping time up to 5 weeks. And then, the biggest thing in my opinion, they stopped selling books that were published by Hachette Book Group. Before they stopped offering them altogether, they were raising prices drastically. One book could be found on Barnes and Noble for $17, but when you searched for the same book on Amazon, it was found to be $25.20. Outrageous, right?

Childish? I think so. They can't come up with an agreement, so they do something drastic. Amazon is basically saying, "If you don't give us what WE want, we will take it all away from you."

Who is the real victim here though? Authors.

The people who chose and accepted to be published by Hachette Book Group are now losing their profits due to Amazon being so childish and removing their books. When more than one party is involved, there are always better answers.

My question to all of you, what is your opinion? What could have been done differently? Do you think they will be able to come up with an agreement? Do you think Hachette Book Group will have to give in?

Please let me know what everyone thinks.




Articles:

http://www.washingtonpost.com/business/economy/authors-publishers-say-feud-with-amazon-has-escalated/2014/05/23/03bea8d6-e2b5-11e3-810f-764fe508b82d_story.html

http://seattle.cityandpress.com/node/7824182


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