The PDF of Judge Cote’s ruling [direct PDF link] is filled with comedy gold. You really couldn’t make this stuff up.
1) They let Eddy Cue set the deadline
2) They bought Cue’s “once-in-a-lifetime” schtick
3) They let Apple set price caps
4) They let Apple back them into a corner with MFN
5) They all wound up collapsing like cards and settling
Did any of them ever stop to think?
They fought to the end.
I really thought they would settle.
Will they appeal?
Penguin pays $75 million to settle US eBook price-fixing case ahead of Apple’s June trial
The Attorney General also confirmed the settlement earlier today, noting that the investigations and resulting litigation has recovered in the region of $164 million so far.
Boldfaced emphasis added be me.
One hundred and sixty-four million dollars.
I wonder if that even wipes out the collusive profits they made?
Apple thinks it’s invincible.
But it will fall next.
Which is a waste of marketing dollars. What are they really selling here? eBooks or a tablet? Why no mention of the Google Play Store? Why no link to just the damn eBooks?
The Business Rusch: The Death of Publishing
You’re a rotating group of widgets that might make the publisher some money.
That’s the truth.
And she also explains why the print bastards haven’t yet died — and nearly convinces me.
Amazon.com Announces Fourth Quarter Sales up 22% to $21.27 Billion
Jeff Bezos honks:
We’re now seeing the transition we’ve been expecting. After 5 years, eBooks is a multi-billion dollar category for us and growing fast — up approximately 70% last year. In contrast, our physical book sales experienced the lowest December growth rate in our 17 years as a book seller, up just 5%. We’re excited and very grateful to our customers for their response to Kindle and our ever expanding ecosystem and selection.
Boldfaced emphasis added by me.
Just five years for that to happen.
And Bezos was expecting it.
While the Big Six/Four clutched their pearls and did nothing.
What were they expecting? Illegal collusion to save them?
Wake up, move fast, or die.
Amazon May Already Have Reached 50% Market Share of the U.S. Fiction Book Market Across All Formats
The amazing thing would be that, in three waves of about half a dozen years each, Amazon would have completed a total transformation of the U.S. publishing and bookselling business. (Only the third wave, of course, has been strictly about ebooks.) And for better or worse, that transformation is a game-changer in every sector of publishing and bookselling activity including, of course, the activities of authors and readers.
And who is to “blame” for this?
The stupidity of the Big Six (soon to be Four), period.
And Bookish remains in perpetual private beta.
I know the meme is to answer every headline that ends in a question mark with the word, No. So shut up.
Amazon’s “AutoRip” Service Goes Live, Giving Customers Free MP3s For CDs Purchased On Amazon As Far Back As 1998 (Hands On)
Amazon is today introducing a new service called Amazon AutoRip, which automatically gives customers free MP3 versions of any CDs they’ve purchased from Amazon since the launch of its Music Store back in 1998.
If Amazon was able to get the music industry to agree to that — and they are no pushovers — how soon will it happen with DVDs/Blu-Ray Discs? (Hello, Ultraviolet!)
And then printed books?
For all of you print fetishists who have long brayed about bundling an eBook with a printed book, here’s a solution that finally makes some damn sense.
And if that happened, my prior post would seem more plausible as the next step too: How Amazon Could Switch Over ePub Book Buyers
Using Statistics to Plan New Editorial
In the U.S., it is estimated, of the books printed that do get sold to individuals, 95 percent are never read.
You’ve given away a thousand copies of your Kindle book for free.
How many were actually read?
What Are Kindle Sample Conversion Rates?