There are quite a few signs that the race to zero is on for ebooks and books – Hardcovers at $10 and Kindle Editions at less than $10 The $9.99 price of ebooks put pressure on WalMart and they retaliated with $10 hardcovers (10 of this holiday season’s most anticipated books). Amazon and Target matched prices. [...]
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Remember Hachette’s paranoia about how ebooks would spell the end of hardcovers, and that $9.99 kindle books would destroy publishers’ profits. Apparently, reality disagrees. The BookSeller reports that Hachette’s first-half profits rose a ‘remarkable’ 60%. To be precise they went up by 61.1% to 112 million euros. Much of it is being ascribed to the success of [...]
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Note: This started off as a post talking about how news has no intrinsic value left. However, it morphed into something else. It goes against my perception that newspapers are replaceable and makes me wonder how many of us tend to downplay the value of newspapers. One of the common perceptions is that newspaper companies are [...]
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Ben Hall at FT writes from Paris about Hachette’s paranoia that ebooks could spell the end of hardcover books. Thanks to Ed Ditto for mentioning the article. Hachette Chief’s concerns There are quite a few juicy nuggets in the article. First, there’s the pointing blame at Google and Amazon – Mr Nourry (Hachette CEO) said unilateral pricing by Google, Amazon and [...]
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