Take it Reuters:
The Justice Department could reach a settlement in the next few weeks with Apple Inc and some of the major publishers suspected of colluding to push up electronic book prices, according to two people close to the negotiations.When I got to this part of the article, I laughed out loud:
While negotiations are still fluid, the settlement is expected to eliminate Apple's so-called "most favored nation" status, which had prevented the publishers from selling lower-priced e-books through rival retailers such as Amazon.com Inc or Barnes & Noble Inc, the people said.
The tactic worried publishers who felt readers might get used to cheaper books and that Amazon would gain more market power, putting downward pressure on sales and prices of physical books.God forbid readers get used to cheaper books! They might actually, you know, buy more books.
The last thing publishers want to do is to sell more books. Back in the dead tree days, that just meant they had to buy more paper. Not only that, but because of their weird return policy, they had to devote not-insignificant resources to processing pallets of unsold books.
In the e-book world, all of that's changed. It's possible to publish a book and spend not a dime on paper, glue, or ink. And returns? No such thing in the e-world.
But cheaper books? Ha! Nah, let's collude with Apple to keep prices high. After all, Salman Rushdie has to earn a living, don't he?
Speaking of Rushdie, check this story out:
The New York Times recently chronicled the surprising transformation of famed author Salman Rushdie, as he evolves from man-in-exile to something of a socialite, surfacing at various events and getting chummy with celebs that include everyone from Diane von Furstenberg to Shepard Fairey.Brings to mind that Temple of the Dog song.
I don't mind stealing bread from the mouths of decadence