Laura Owen [LO]:
I think agency pricing actually is in the interest of any reader who supports a vibrant book - buying marketplace that is not dominated by one company — i.e., Amazon.
That said,
I think agency pricing is unwise — and not just because it has attracted antitrust attention from the U.S. government and the European Union, among others, but because it isn't in the long - term interests of either readers or (I would argue) of publishers themselves.
I'd hate to see publishers make that same mistake — and
I think agency pricing just encourages them to cling to the past instead of trying to adapt to the future.
Part of the problem in sales for the BPHs is that
they think agency pricing for eBooks is a really good idea.
Not exact matches
What this means in practice is that we have kept maturities of our investments very short, particularly for low - risk issuers such as governments and
agencies, while we seek out opportunities to increase portfolio yield with what we
think is well -
priced corporate debt.
To those commenting about wanting
agency pricing or something akin to it for the Big 5: It seems like it would be good for Indies (and might well be in the short term), but
think about it this way.
But now I've had time to look at the so - called
agency model of
pricing... and I
think it makes sense.
Under those conditions if you
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agency that can solve your problem at affordable
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3) Stephen Windwalker points out you have until June 22 to let the federal court know what you
think of the Department of Justice's attempt to roll back
agency pricing via its anti-trust lawsuit.
What I don't
think people are really catching here is that due to the publishers» «
agency model», Amazon gets 30 % of the sales
price of an ebook they sell.
I
think the whole point of the
agency model is to rationalize that, and lower backlist
prices toward the $ 5.99
price point.
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?
But the shortsightedness of publishers falling fast for the
Agency plan is that they actually
think that if they keep e-books away from the customers by either delays or
pricing, that customers will go to hardcovers or pay the 50 % higher
price for a digital version.
We don't
think the LaLa - land location is any accident, so we're expecting that the event will include some real Hollywood star power, perhaps in support of original video content that might be free to Amazon Prime customers for viewing on the Kindle Fire and other devices — say, an original docudrama series based loosely on the
agency model
pricing conspiracy, directed by Steven Spielberg and starring Tommy Lee Jones, Meryl Streep, and John Lithgow?
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.
There is also no reason to
think that the
agency model will lead to higher consumer
prices once the e-book market matures.
We
think part of it is the new
agency pricing and all the Big Five raising their
prices so much.
In that condition students
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But I
think we might be a couple years away from breaching 50 % — which might require a technological advance like color e-Ink or foldable screens, or a game - changing event in the publishing world, such as superstar authors going independent and straight to e-books, big publishers embracing e-books, or lowering of e-book
pricing (perhaps as a result of the
agency model going away).
This reminds me of how the head of MacMillan — I
think that's who it was — back at the start of the
agency pricing debate tried telling everyone that publishers had double charges on editing, cover design and layout, among others, when it comes to e-books and print books.
I
think «proven authors» will keep their
prices relatively high, even with the demise of the
agency model.
Whether one
thinks it is a good thing or a bad thing that the deepest - pocketed retailer can spend $ 20 a copy on a big book to promote a
price perception depends on your point of view but this clearly demonstrates what the publishers, the retailers, and the consumers face when a high - profile, high - demand book is sold without the
price discipline of
agency terms.
Now with
agency pricing back in full swing, and publishers putting whatever
price they want on their eBooks (per the Hachette / Amazon dispute), I
think you're going to see a surge of
pricing changes in 2015.
What do you
think about
agency pricing Charlie?
Frankly, I don't
think this will be nearly as dangerous for Amazon or DC as the pushing publishers to adopt the
agency pricing model will be for the publishers or Apple.
Tags Act Like a Lady
Think Like a Man
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Second, if
agency pricing keeps up and digital sales grow while paper sales decrease, BN is seeing a loss of overall revenue as it is only getting 30 % of a sale versus 50 % of a sale (this is not an original
thought of mine.
You are right that
agency pricing does to some extent protect independent booksellers, or allow them to compete on more equal footing with Amazon, and I am as much in favor of a competitive bookselling marketplace as I
think you are.
I
think they saw
agency pricing as a way of protecting their traditional profit margins, and they used Apple's desperation to get into the book - selling business as a lever to get what they wanted.
The
agency price model was designed to raise the anchoring
price and to some extent, I
think that they were successful for the high end books.
Many industry observers
think that the majors are losing ebook share because of their higher
prices, and Mike Shatzkin has written up a remarkably compelling theory that it's Amazon that wanted a return to
agency pricing in the new contracts, not the Big Five.
The more I
think about it the more I believe that this is a smoke screen used by a government
agency to rally public discord away from their own bureaucracies which via their HST, land transfer taxes and mortgage insurance rules — all percentages calculated on the sale
price of the home by the way — do more to inflate house
prices without providing any evidentiary benefit to the homeowner.
You'll get a better
price from UndercoverTourist.com anyway and I confirmed that their credit card merchant account number ties to the «tour
agencies» code with Barclays, so I
think we're set with this now!
But just
think how much easier it is to cool our homes and cook our food at this
price — or operate a factory, farm, office, store, hospital, school, church... or government
agency.»
While the Grid Resiliency
Pricing Rule did indeed die that day, FERC also directed the grid operators which it oversees to report back to the
agency on how they define resiliency, and what they
think could be done to improve the resilience of the grids that they operate.
«I
think the EPA has gone far beyond its mission under the Obama administration, and I
think re-concentrating the
agency on its core mission of protecting the environment and improving our environmental quality, rather than a huge climate regime, which has very little to do with reducing greenhouse gas emissions or atmospheric concentrations globally but has a lot to do with slowing down the economy through raising energy
prices.
Limiting global warming to 2 - degree rise will require $ 180 / t carbon
price says energy
think tank (11/13/2008) In a report released Wednesday the International Energy
Agency warned that a business - as - usual approach to energy use would result in a 6 ° - degree rise in temperatures putting hundreds of millions at risk from reduced water supplies and diminished agricultural production.
Since insurance companies
think they'll spend less in the long run if you know all about safe driving, they give discounts whenever you complete defensive driving Ensure that you always consult with your insurance
agency before signing up to ensure they are willing to offer a policy
price reduction.