Amazon and S&S Agree Terms. Who’s The Bad Guy Again?

Simon & Schuster has agreed a multi-year deal with Amazon covering both e-books and print books. Business Insider reported that negotiations only took three weeks and were concluded two months before the original contract expired. I’m confused, does this mean the end of literary culture or not? Someone needs to run up to Douglas Preston’s quaint writer shack to find out. (If you get lost, it’s at the back of his 400-acre estate). It also begs a question: what exactly is Hachette holding out for? As everyone knows at this point, Hachette’s contract with Amazon expired in March and the two parties have been unable to agree a deal since. The narrative being pushed by the media was that Amazon’s desired terms Read More…

Don't Be Fooled: Big Publishing Hates Competition

The reaction to the filing of the DoJ’s antitrust suit was laughable, if somewhat predictable. Among other things, the DoJ has been accused of working for Amazon – helping them to “destroy the publishing industry.” If you want to sample the mindset I’m referring to, simply visit the comments of any article on the matter in the trade press – such as this or this (although this vocal group are strangely absent from articles such as this one describing publishers’ (alleged!) attempts to cover up their actions by deleting emails). I’m not sure when “the publishing industry” become exclusively synonymous with the largest publishers. I’m not sure when their narrow interests became everyone’s interests, because what’s good for Penguin isn’t Read More…

Don’t Be Fooled: Big Publishing Hates Competition

The reaction to the filing of the DoJ’s antitrust suit was laughable, if somewhat predictable. Among other things, the DoJ has been accused of working for Amazon – helping them to “destroy the publishing industry.” If you want to sample the mindset I’m referring to, simply visit the comments of any article on the matter in the trade press – such as this or this (although this vocal group are strangely absent from articles such as this one describing publishers’ (alleged!) attempts to cover up their actions by deleting emails). I’m not sure when “the publishing industry” become exclusively synonymous with the largest publishers. I’m not sure when their narrow interests became everyone’s interests, because what’s good for Penguin isn’t Read More…

How The Agency Model Led To An Antitrust Suit

As reported yesterday, the Department of Justice has filed its antitrust lawsuit against Apple and five of the largest publishers (Macmillan, Penguin, HarperCollins, Hachette, and Simon & Schuster). A settlement has been agreed with HarperCollins, Hachette, and Simon & Schuster; Macmillan claimed the terms were too onerous, and Penguin appears to have refused to contemplate settling. The agreed settlement must still be approved by the court, but among the conditions are the end of Agency (despite the attempted spin by PW in the above-linked article) and the return of pricing control to the retailers (such as Amazon). In addition, the settling parties will be monitored by the DoJ, who must be copied on any communications surrounding this or any related Read More…