A little too greedy

By on September 15, 2015

Well, that didn’t work. The recent pricing battle between Amazon and big publishers seemed to result in the publishers winning. Actually, everybody lost, because Kindle customers don’t generally buy expensive books.

When the world’s largest publishers struck e-book distribution deals with Amazon.com Inc. over the past several months, they seemingly got what they wanted: the right to set the prices of their titles and avoid the steep discounts the online retail giant often applies.

But in the early going, that strategy doesn’t appear to be paying off. Three big publishers that signed new pacts with Amazon– Lagardere SCA’s Hachette Book Group, News Corp’sHarperCollins Publishers and CBS Corp.’s Simon & Schuster–reported declining e-book revenue in their latest reporting periods.

Source: E-Book Sales Weaken Amid Higher Prices – NASDAQ.com

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