If Amazon ‘Capitulated’ To Macmillan, Then Where Are The Books?
It’s been two full business days since Amazon allegedly admitted defeat (in the Kindle Community forum, no less) in the face of Macmillan’s attempt to price ebooks according to an agency plan, basically torpedoing Amazon’s desire to set the ceiling of ebook prices at ten bucks.
Yet, it doesn’t seem like Macmillan’s titles have been relisted on Amazon. Booker Prize-winning Wolf Hall? Nope. Robert Jordan’s Gathering Storm? Nada. Andrew Young’s scandalous look at John Edwards The Politician? Nyet!
All of this makes me wonder who actually ‘capitulated’? Was it an authorized decision maker for Bezos & Co., or some mid-level flunky? Amazon is a pretty secretive company, but this silence isn’t helping them any.
The court of public opinion has spoken, and authors, publishers and agents are siding with Macmillan. So are investors, as Amazon’s stock has declined in value over the past two days, despite Monday and Tuesday showing gains in the Dow Jones index.
The Wall Street Journal, commenting on this brouhaha, noted that even though Amazon stands to gain by charging more for ebooks than they are now, that investors are predicting that, despite their hopes, that “Amazon.com won’t be the next Apple”.
(Wall Street Journal link via MobyLives)
