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Old October 22 2012, 03:41 PM   #25
Disrespectful of his betters
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Re: Barnes and Noble Suied by three publishers.

Jim Gamma wrote: View Post
JWolf wrote: View Post
Jim Gamma wrote: View Post
My post is not "chock full of wrongness". I don't buy books from B&N, and have a Kindle, not a Nook. My comment was a general comment on the idea that you buy a 'license to read' rather than a copy of the actual content, and was based on the 'full refund' mentioned by GalaxyClass1701.
OK, so maybe I made an assumption based on the idea of a full refund that it implied removal of the books, but given that we've seen that sort of thing before, it's a logical assumption to make.
Yes, it is. B&N is not being sued. The customers who bought Agency eBooks from B&N are not getting a full refund. eBooks are not going to be pulled from WiFi enabled readers (in cases where that is possible). So how is any of what you posted actually correct?
All of it is, because it was a GENERAL OPINION. As in, a comment based upon the contents of the thread, and events that have happened before, rather than knowledge of this particular situation. At NO POINT did I state that books actually WERE being pulled in this instance, and I'm not the one who mentioned a full refund or B&N being sued first. I have to go on the information that's provided, and based on the information that's provided in the first post, my statements are 100% factual. OK, so maybe I should've made it clearer that I was making a general comment about e-book retailers' policies, but hey, we live and learn.
I think it's just a misunderstanding. It's an end to Agency Pricing, not e-books. I'll explain.

Amazon was the "king of the mountain" with their Kindle. Then Narns & Noble came along with their Nook. The two competed for the same market, and both ran sales frequently with the price of their e-books. And then the iPad came along. Apple went to the publishers and said "Hey guys, you can set your own price with us." The publishers loved this idea, as it meant more profit for the same thing.

Amazon and Narns & Noble quickly went along with the same scheme, which has been called Agency Pricing. Under that model, the publishers set the price, not the sellers, and the sellers are not allowed to offer discounts on those titles. Another term for this model is price fixing. Which is illegal.

The Attorneys General of several states got together and sued the big five publishers as a group, to stop the price fixing scheme.

The result of that lawsuit is basically this: If you purchased one of the affected titles during the agency model timeframe, you will receive a partial refund. Agency pricing will stop. I've seen both January 1st and February 1st as official end-dates, so I'm not confident which one is correct. But after that, the sellers will set the prices. This means no more $15-$25 for an ebook. They will go back down to their $9.99 max price for new hardcover titles, and $5-6 for others.

The titles you already have aren't going away. If you are concerned about that, then tonight, back up your files. You should be doing that anyway, but make a special effort tonight to back up your ebook files on a cd or your hard drive somewhere.
"Sorry. Wrong movie, buddy."
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