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New owners of Kindles (AMZN) and Nooks (BKS) may be in for a surprise: Prices of some popular...

New owners of Kindles (AMZN) and Nooks (BKS) may be in for a surprise: Prices of some popular e-books have soared, in some cases above their printed equivalents. The digital price hikes result from a decision by the six biggest publishers to set their own consumer e-book prices; no such agreement exists for printed books, where retailers are free to set their own prices.
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Comments (5)
  • D_Virginia
    , contributor
    Comments (2280) | Send Message
     
    This is how the "free" market "works" when it's dominated by a small number of huge players who collude with one another.

     

    At least e-books aren't a basic utility, like telecommunications, for example.

     

    Hopefully sales will drop accordingly. Though the people who often suffer most from this is the authors -- the books get bad "reviews" about the price, and they fall in the charts.

     

    It's good to be da king.
    15 Dec 2011, 11:30 AM Reply Like
  • bkpark
    , contributor
    Comments (325) | Send Message
     
    I do hope that the market will eventually force the publishers to Amazon's point of view---it's more profitable for them to price ebooks lower.
    15 Dec 2011, 11:30 AM Reply Like
  • 0ZJ
    , contributor
    Comments (69) | Send Message
     
    Yep.

     

    There has been a long standing boycott of some e-book publishers due to this.

     

    Penguin and Random House are probably the most notorious.

     

    For example:

     

    Dune - http://goo.gl/2msAR ($15 Kindle, $10 Paperback)

     

    Books tagged with "agency 5 price fixing":

     

    http://goo.gl/x2OUJ

     

    Books tagged with "overpriced kindle version":

     

    http://goo.gl/Wz8wA

     

    I'd guess they're afraid of cannabalizing their existing, more comfortable print market.

     

    Interestingly, trading related books are particularly guilty of this as they frequently go for 90% of print price as opposed to the more typical 40-60%.
    15 Dec 2011, 11:39 AM Reply Like
  • thorntondw@yahoo.com
    , contributor
    Comments (35) | Send Message
     
    Just wait till all those parents see their credit card after a month of unrestrained Amazon purchase from their kiddie's Kindle Fire. I am pretty sure the vast majority of those Kindle Fire purchasers won't know what they have unleashed until the bill arrives!
    15 Dec 2011, 01:57 PM Reply Like
  • jtmonrow
    , contributor
    Comments (54) | Send Message
     
    Some publishers "may be in for a surprise" to find that the availability of free pirated e-books is growing at double digit rates, almost certainly in response to the publishers oligopolistic e-book pricing practices. A brief review of events devastating the music industry in the last decade or so might be in order, as well as a review of the publishing industry's outmoded business model. I predict that when this all shakes out B&N, like Borders, will be gone, many publishers will be gone, Amazon will be the premier source of "books," i.e., e-books, and will have become a major source of original "book" content.
    16 Dec 2011, 08:05 AM Reply Like
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