InsideMobileApps InsideSocialGames 10,000 Words FishbowlNY FishbowlDC LostRemote TVNewser TVSpy AgencySpy PRNewser MediaJobsDaily UnBeige

Amazon

Amazon Misinterprets George Orwell in Push Against Hachette

amazon304In response to an author campaign against Amazon in the Hachette battle, the online giant sent out a letter to Kindle readers defending the low price of eBooks. In the letter, the Seattle-based company talks about how the literary establishment has a history of not supporting new formats.

“The famous author George Orwell came out publicly and said about the new paperback format, if ‘publishers had any sense, they would combine against them and suppress them.’ Yes, George Orwell was suggesting collusion,” reads the letter, which challenges publishers on eBook price collusion and defends low eBook prices.

However, as The New York Times points out, this Orwell quote was taken out of context. Check it out:

When Orwell wrote that line, he was celebrating paperbacks published by Penguin, not urging suppression or collusion. Here is what the writer actually said in The New English Weekly on March 5, 1936: “The Penguin Books are splendid value for sixpence, so splendid that if the other publishers had any sense they would combine against them and suppress them.”

Kensington Publishing Spent 1.5 Years Negotiating 1 Year Amazon Contract

kensington 200Hachette and Amazon have spent months trying to negotiate a deal, which still seems to be miles away. How long will the negotiations be going on? It could be a while yet.

The Wall Street Journal revealed that the small publishing house Kensington Publishing spent 18 months battling Amazon to forge a one-year deal.

Check it out: “Steven Zacharius, president and chief executive of Kensington, said the deal took so long to resolve partly because ‘each person got entrenched and didn’t want to budge. But at a certain point there has to be compromise.’ Both sides gradually made concessions, he said, enabling them to reach agreement. Mr. Zacharius declined to discuss specifics of why it took so long to negotiate a new pact. Such contracts typically include the size of the discount that the publisher allows the retailer off its list prices, payment terms, and promotional funding. However, he characterized the final agreement as ‘a fair deal for both parties.’”

Amazon Defends eBook Pricing in Hachette Fight

amazon304Amazon has come out and defended its eBook pricing model arguing that a $14.99 or $19.99 is “unjustifiably high for an e-book.”

In a post on the Amazon Forums, the company argues that since eBooks don’t require printing, warehousing or  transportation costs, they should be less expensive than print books. Here is more from the post:

It’s also important to understand that e-books are highly price-elastic. This means that when the price goes up, customers buy much less. We’ve quantified the price elasticity of e-books from repeated measurements across many titles. For every copy an e-book would sell at $14.99, it would sell 1.74 copies if priced at $9.99. So, for example, if customers would buy 100,000 copies of a particular e-book at $14.99, then customers would buy 174,000 copies of that same e-book at $9.99. Total revenue at $14.99 would be $1,499,000. Total revenue at $9.99 is $1,738,000.

The Onion Parodies The Kindle


New Kindle Helps Readers Show Off By Shouting Title Of Book Loudly And Repeatedly

The Onion has created a video report about a fake new Kindle that supposedly shouts out the name of the book that you are reading so that you can brag about your reading list to those around you.

“With one click downloads, you can see a title you want online, press a button and within minutes let everyone around you know that you are reading that big fancy book by Joan Didion,” explains an executive in the video.

We’ve embedded the video above for you to enjoy.

Alloy Entertainment Launches New Digital Imprint

alloyentertainmentAlloy Entertainment, a division of Warner Bros. Television Group, has partnered with Amazon Publishing to launch a digital-first imprint that will publish young adult and new adult novels, as well as commercial fiction.

The new imprint is called Alloy Entertainment. The imprint launches with three new titles: YA title Imitation by Heather Hildenbrand; coming-of-age story Every Ugly Word by Aimee Salter and sci-fi fantasy adventure Rebel Wing by Tracy Banghart.

Alloy Entertainment will be part of Amazon Publishing’s Powered by Amazon program, meaning that it will use Amazon’s marketing and distribution tools to reach readers.

 

 

Amazon Picks 100 Children’s Books to Read in a Lifetime

amazon304Looking for books to read to your kids? Amazon editors have put together a children’s book edition of its series of 100 Books to Read in a Lifetime lists.

The list includes classics such as Margaret Wise Brown’s Goodnight Moon, Dr. Seuss’ Green Eggs & Ham and Crockett Johnson’s Harold and the Purple Crayon. The list also includes modern favorites such as Diary of a Wimpy Kid by Jeff Kinney and J.K. Rowling’s Harry Potter and the Sorcerer’s Stone.

We’ve embedded the entire list after the jump for you to explore. Read more

Amazon Reports Net Sales Up 23% in Q2, Operating Loss $15M

amazon304Amazon’s net sales reached $19.34 billion in the second quarter of 2014, up 23 percent from  $15.70 billion which the company reported in the second quarter of 2013.

The company also repaired that its operating loss was $15 million during Q2, as compared to an operating income of $79 million in Q2 2013. In addition, Amazon’s net loss was $126 million in the second quarter as compared with a net loss of $7 million in Q2 2013.

Here is more from the financial release: “Operating cash flow increased 18% to $5.33 billion for the trailing twelve months, compared with $4.53 billion for the trailing twelve months ended June 30, 2013. Free cash flow increased to $1.04 billion for the trailing twelve months, compared with $265 million for the trailing twelve months ended June 30, 2013. Free cash flow for the trailing twelve months ended June 30, 2013, includes cash outflows for purchases of corporate office space and property in Seattle, Washington, of $1.4 billion.”

Stephen Colbert Interviews Hachette Author Edan Lepucki

As part of his battle with Amazon, Stephen Colbert has been promoting the book California by first time novelist Edan Lepucki.

His goal was to help Lepucki land on The New York Times bestsellers list – a rare occurrence for a first time novel – even though the book was not available for sale on Amazon due to fierce negotiations with her publisher Hachette. The push worked and the title has landed the third spot on the list, despite not being available through the nation’s largest online book site.

To celebrate the success, Lepucki was on The Colbert Show last night to discuss her success. On the show, she recommended the debut novel Sweetness No. 9 by Stephan Eirik Clark, another Hachette book that is currently not available on Amazon. We’ve embedded the clip above for you to enjoy.

7.5% of Book Buyers Are Buying Less From Amazon Due to Hachette Dispute

amazon304Amazon’s dispute with Hachette is causing about 7.5 percent of book buyers to buy less from the online retail giant and 1.4 percent of book buyers are buying more, according to figures based on research from Peter Hildick-Smith of the Codex Group.

The research, which includes feedback from about 5,300 buyers, found that slightly more than 39 percent of respondents reported that they are aware of the dispute and among those book buyers. Nineteen percent of these consumers reported buying less books from Amazon, while 4.4 percent of these consumers revealed that they are buying more from the books from the Seattle-based bookseller.

Forbes has more: “The Codex group also found out where those book buyers were going. About half the shifted buying went to Barnes & Noble, independent bookshops, barnesandnoble.com (the online store for Barnes & Noble), used bookshops and Costco, in that order.: (Via Forbes).

Amazon Reveals Kindle Unlimited eBook Subscription Service

kindleunlimitedAfter rumors have been flying all week about Amazon getting into the eBook subscription business, the online retail giant has confirmed the service and has revealed the details. Amazon has launched Kindle Unlimited, a new eBook subscription service that operates as a kind of Netflix for eBooks. The service is available on Kindle devices, as well as on Kindle apps.

Kindle Unlimited gives members access to more than 600,000 Kindle books and thousands of Audible audiobooks for $9.99 a month. This is a larger collection than Oyster, an eBook subscription service that has been taking off this year, which offers 500,000 eBooks in its library and don’t have an audiobook offering. Kindle Unlimited subscribers will receive a complimentary three-month Audible membership, which gives Amazon the ability to provide these members with access to audiobook titles.

Amazon is currently offering a free 30-day trial period so that customers can try out the new service.

<< PREVIOUS PAGENEXT PAGE >>