Under Agency pricing, of course, this meant that Kindle, BN, Kobo and others would lose money on every sale.
As I've written many times here at the Smashwords blog, Kindle Unlimited represents Amazon's end run around agency pricing (
under agency pricing, publishers and indie authors set their own retail prices, and retailers don't discount).
In your post last week about Google pulling the rug out from under independent booksellers, you blamed Google for not investing enough — and that was
under the agency pricing regime.
In fact, B&N argues, e-book and hardcover prices have fallen
under agency pricing.»
Under agency pricing, publishers can still put their e-books on sale, and are doing so more than they did, say, a year ago.
His argument that prices have fallen
under agency pricing is accurate, but only on Smashwords.
So far, there is no reason to think that this can not occur
under the agency pricing model as long as the distribution market for e-books remains competitive.
Under agency pricing publishers set the price for their titles and, guess what, it is the same price everywhere.
Certain digital content is distributed
under an agency pricing model in which the publishers set fixed prices for eBooks and NOOK receives a fixed commission on content sold through the eBookstore.
So, if an e-book has a price of $ 12.99 and the publisher gets 30 % of
that under agency pricing, that starts the share of the pie the author gets to look at at $ 3.90.
Of course, many of those condemning Rutherford and those like him also point to the Bowker report about the price of e-books not rising
under the agency pricing model as evidence the Department of Justice is wrong in claiming prices will rise under the agency model.
E.g., if you're an SF / F reader and you're looking for Jim Butcher's latest, sorry, his stuff's
under agency pricing, so you're going to pay agency pricing on it no matter who you buy it from.
The Apple iBookstore and Google eBooks flourished
under agency pricing and they grew quickly.
Under the agency pricing deal, publishers were allowed to set their own prices for e-books and Apple took a cut from all sales through the iBooks store for iOS devices.
Hachette sells all its U.S. e-books
under the agency pricing model, and according to Thomas, is «very satisfied» with the agency model, but Thomas adds, «We welcome the ability to experiment with pricing, and offer readers a variety of choices.»
Not exact matches
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations
under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue
under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for business aircraft, including the effect of global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future
pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements
under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase
price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and
agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure
under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
The European Union's statistics
agency said Friday consumer
prices rose by just 0.7 % in the 12 months to January, down from an 0.8 % annual rate of inflation in December, and further below the ECB's target of just
under 2.0 %.
Already Buhari has started giving excuses for the abysmal performance.He attributed the quagmire to drop in the
price of oil globally and cleverly laid the blame on the doorsteps of all Nigerian accusing them of relying solely on oil.All renowned rating
agencies including fitch continue to downgrade Nigeria ever since Buhari took over and it is projected that Nigeria will not be able to repay its debt obligations.Fitch for instance downgraded Nigeria's longterm foreign currency issuer default rating to B + from BB - and longterm local currency IDR to BB - from BB.The general position expressed by almost all the Briton wood institutions is that Nigeria's fiscal and external vulnerability has worsened
under Buhari and it is projected that the government's general fiscal deficit could grow up to 4.2 % by the end of 2016 after averaging 1.5 %
under the previous regime.A recent capital importation report by Nigeria Bureau of Statistics confirms that, last year, the country recorded total inflow of capital into the economy stood at $ 9.6 billion which was a 53 % drop from previous year and the lowest recorded total since 2011.
Katz said she would use the results of the study to order audits of
agencies she felt were
under - serving the people of New York for too high a
price.
Utah local educational
agencies (that is, district and charter schools or LEAs) today announced their policy for free and reduced -
price meals and free milk for children unable to pay the full
price of meals / milk served
under the National School Lunch, School Breakfast, After School Snack, and / or Special Milk programs.
SALT LAKE CITY — Utah local educational
agencies (that is, district and charter schools or LEAs) today announced their policy for free and reduced -
price meals and free milk for children unable to pay the full
price of meals / milk served
under the National School Lunch, School Breakfast, After School Snack, and / or Special Milk programs.
The later 1.5 liter American - market CRX HF (high fuel economy) model (chassis codes EC1 and AF) could also reliably achieve very good gas mileage, more than a decade before gas - electric hybrids appeared on the market, and at no
price premium over the base model; the 1.5 liter is rated by the U.S. Environmental Protection
Agency (EPA)(
under the new rating system) at 42 miles per U.S. gallon (5.6 l / 100 km; 50 mpg ‑ imp) city and 51 miles per U.S. gallon (4.6 l / 100 km; 61 mpg ‑ imp) highway.
These terms were initially laid out as part of the settlement but are set to expire this fall, giving Hachette the option to once again attempt to impose
agency pricing instead of the wholesale model that most entities operate
under with Amazon.
That statement was that Apple could not engage in book discounting
under the
agency model for at least two years, and then it could only negotiate terms of the so - called «
agency model» (in which the publishers set the
prices of their books, not the retailer) with one publisher at a time spread out over a period of six months each.
Under Macmillan's model, known as the «
agency model,» e-books will be
priced from $ 12.99 to $ 14.99 when first released, with
prices changing over time.
Penguin reached an agreement with the European Union «to settle its antitrust investigation over
agency pricing, in order to «clear the decks» ahead of the company's proposed merger with Random House,» the Bookseller reported, noting that
under the deal, Penguin «would not «restrict, limit or impede» e-book retailers» discounts or their ability to «set, alter or reduce retail
prices for e-books» for two years.»
Three, if you take the time to shop around to the smaller sites or if you keep an eye on which publishers aren't operating
under the
agency model, you can find better
prices.
«As Apple prepared to introduce its first iPad, the late Steve Jobs, then its chief executive, suggested moving to an «
agency model,»
under which the publishers would set the
price of the book and Apple would take a 30 % cut.
When the ebook
agency pricing model came
under fire by the US Justice Department and the European Union, companies began to settle out of court.
Instead, the agreements allow e-book retailers to discount
prices up to the aggregate cost — generally a 30 % commission
under the
agency model — of the discount computed over the course of the contract, which is generally a year.»
While Amazon originally worked
under the wholesale model, which afforded the retailer the opportunity to sell ebooks at less than their cost in order to push sales of their Kindle e-readers, the alleged collusion between Apple and five of the Big Six publishers actually refers to their switch to an
agency pricing model, which allowed publishers to set the
price of the ebooks for the retailers.
Industry insiders and general interested parties proclaimed that
under the new
Agency model being adapted by major publishers in determining global eBook
prices, violates anti-trust and anti-competitive laws.
The
Agency model is also
under fire right now, especially in Europe where the EU is launching a major investigating in Publisher
Price Cartels where price fixing is ill
Price Cartels where
price fixing is ill
price fixing is illegal.
So all titles you sell at BN through Smashwords that are
under $ 2.99 will earn you 60 % over 40 %, free and clear, without worry that retailers will discount (as Smashwords now operates with the
Agency pricing model, except that we are the «agents» and set our own
price).
Under those conditions if you think you are not in a state to write a perfect thesis, then you can take help from an online thesis writing help
agency that can solve your problem at affordable
price meeting your requirements.
Section VI.B permits a Settling Defendant to negotiate a commitment from an e-book retailer that a retailer's aggregate expenditure on discounts and promotions of the Settling Defendant's e-books will not exceed the retailer's aggregate commission
under an
agency agreement in which the publisher sets the e-book
price and the retailer is compensated through a commission.
And those of us who aren't thinking about the
price, but whether
under an
agency model we'll be able to afford books at all... we're scratching our heads wondering why?
I agree the 10 % would remain the same but it's 10 % of the publisher's revenue, not the retailer's sale
price, and
under the new
agency model the publisher's revenue (as Macmillan has explicitly stated) would be less, hence the author's revenue would also be less.
T. «Wholesale
Price» means (1) the net amount, after any discounts or other adjustments (not including promotional allowances subject to Section 2 (d) of the Robinson - Patman Act, 15 U.S.C. 13 (d)-RRB-, that an E-book Retailer pays to an E-book Publisher for an E-book that the E-book Retailer Sells to consumers; or (2) the Retail
Price at which an E-book Publisher,
under an
Agency Agreement, Sells an E-book to consumers through an E-book Retailer minus the commission or other payment that E-book Publisher pays to the E-book Retailer in connection with or that is reasonably allocated to that Sale.
Under the terms of the Hachette's settlement of the Department of Justice lawsuit, the existing contracts which allowed for the
agency pricing model had to be scrapped and rewritten, a job which simply takes a lot of time and effort from parties for both the publisher and the retailers.
The book should garner a tremendous source of revenue for publisher Simon & Schuster, who is
pricing the book
under the
agency rules.
This is because ebooks are sold
under the
agency model where the publisher sets the
price and gets 70 % of each sale, and the retailer gets the remaining 30 %.
Under the so - called
agency pricing model, publishers keep roughly 70 % of the revenue from each individual sale, with Amazon receiving an estimated 30 % as their fee.
Under the
agency model, a publisher sets a retail
price for a specific book, which establishes a level playing field for all resellers.
Under the terms of the settlement, HarperCollins, Simon & Schuster and Hachette will no longer be using
agency pricing.
Currently the
Agency model in the UK and Europe is
under fire due to many groups claiming they are little more then a
price fixing cartel, which is illegal in the UK.
Under the agency model — one of the factors that led the investigators to believe that anti-trust violations had taken place between Apple and five of the Big Six publishers, including HarperCollins — publishers get to set the price of ebooks, rather than retailers; under the previous wholesale model, retailers could purchase books directly from the publishers, then turn around and sell those titles for any amount, even taking a loss on the books in order to boost sales of other prod
Under the
agency model — one of the factors that led the investigators to believe that anti-trust violations had taken place between Apple and five of the Big Six publishers, including HarperCollins — publishers get to set the
price of ebooks, rather than retailers;
under the previous wholesale model, retailers could purchase books directly from the publishers, then turn around and sell those titles for any amount, even taking a loss on the books in order to boost sales of other prod
under the previous wholesale model, retailers could purchase books directly from the publishers, then turn around and sell those titles for any amount, even taking a loss on the books in order to boost sales of other products.
This settlement will allow retailers to set the
price of ebooks again, meaning the publishers will have to negotiate all new contracts with their retailers and agree to abandon the «
agency model» that was established
under the supposed anti-trust violations.
Ebooks on Apple's iBookstore rose to the range of $ 12.99 to $ 14.99
under Apple's
agency pricing model, which allows book publishers to set the
price of an ebook while Apple takes a 30 percent cut.
The publishers noted that while they continue to sell e-books
under the wholesale model, they have «benefitted significantly» — along with authors, booksellers and consumers, — from the ability of the Big Six publishers to adopt the
agency pricing model with Amazon, since those arrangements, «contributed dramatically to increased competition and diversification in the distribution of e-books.»