Amazon steps up spat with Hachette over e-book price
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Release time:2014-05-29
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Browse:6664
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Amazon has said a dispute with publisher Hachette, which has led to price increases and a block on pre-orders, will not be resolved soon.The two companies are locked in discussions about how to share profits on e-books.The row will affect US sales and delivery times of books by authors such as JK Rowling.The retail giant suggested customers used "one of our competitors" to get hold of titles more quickly.'Not optimistic'In an uncharacteristically lengthy statement, Amazon said: "We do business with more than 70,000 suppliers, including thousands of publishers."One of our important suppliers is Hachette, which is part of a $10bn [£6bn] media conglomerate. Unfortunately, despite much work from both sides, we have been unable to reach mutually acceptable agreement on terms."Even more unfortunate, though we remain hopeful and are working hard to come to a resolution as soon as possible, we are not optimistic that this will be resolved soon."The row concerns the profits made by both publishers and Amazon on books sold digitally.The two companies are renegotiating the deal, which is likely to lower the price of e-books and hurt the profit margins of publishers.According to James McQuivey, an analyst for Forrester Research, blocking pre-orders not only hurt early sales, but stopped a vital advertising opportunity - the bestseller list."You really have to sell a lot of copies on Amazon, and the pre-sale does that," he told the BBC."It looks fabulous - it gets into the New York Times bestseller list, and all that looks wonderful."'Ability to survive'Amazon's statement made reference to a deal struck with Macmillan in 2010, which followed a period when Amazon removed the "buy" button from pages offering Macmillan titles.Authors and other publishers had criticised Amazon for using its power as the biggest player in books in this way.In a letter to authors, Hachette chief executive Michael Pietsch wrote: "Please know that we are doing everything in our power to find a solution to this difficult situation, one that best serves our authors and their work, and that preserves our ability to survive and thrive as a strong and author--centric publishing company."The Authors Guild, a US organisation that represents authors, described the tactics as "bullying".But Amazon has dismissed the comments, and others like it, as "narrow-minded".It said: "A retailer can feature a supplier's items in its advertising and promotional circulars, 'stack it high' in the front of the store, keep small quantities on hand in the back aisle, or not carry the item at all, and bookstores and other retailers do these every day."BIZ.BIZ is a generic top-level domain (gTLD) in the Domain Name System of the Internet. It is intended for registration of domains to be used by business. The name is a phonetic spelling of the first syllable of business. The .biz TLD was created to relieve some of the demand for domain names in the .com top-level domain, and to provide an alternative for business whose preferred domain name in .com had already been registered by another party. There are no specific legal or geographic qualifications to register a .biz domain name, except that it must be for "bona fide business or commercial use". It was created in 2001 along with several other domains as the first batch of new gTLDs approved by ICANN in the expansion of the Domain Name System following the increased interest in Internet commerce in the late 1990s. The TLD is administered by NeuStar and registrations are processed via accredited registrars.The Advantages of .BIZ Domain:1. .BIZ helps you get out of the mess situation of current domain registration;2. .BIZ is the only international domain specially for on-line business;3. With the most advanced technology, .BIZ guarantees the safety of your internet address;4. .BIZ shows that you are a professional business man..BIZ domain only $ 9.99 / yr in EranetIf you would like to register .biz doman name, you can contact Eranet company as soon as possible. We are striving to offer the best service for you.Email:support@eranet.comTel:852-39995400See more at: http://www.eranet.com/
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