E-books had undeniable advantages for publishers.
It also let individuals publish their own e-books.
The growth rate of e-books has recently slowed in many markets, including America and Britain.
The publishers, who had worried that Amazon was charging too little for e-books, settled and were required to negotiate new deals with Amazon and other retailers.
Many e-books are priced at $14.99; some reach $19.99.
They said they would share some consumer data about buying e-books.
(The same applies to e-books in a public or institutional library).
By 2010 the rift between book publishers and Amazon.com over the price of e-books had grown.
Best of all, e-books take up no room in my house next to my lamentably unread physical books.
If cheaper e-books draw people away from hardcovers, that could hurt these authors financially.
Tim O’Reilly, the e-books publisher, has found that the lower the price the more books he sells.
Australia uses e-books and tablets that allow prisoners to complete distance learning in their cells.
Many shops have started to offer free internet access to keep customers there longer and to enable them to download e-books.
Amazon began a new chapter in its dispute with Hachette by offering to let the publisher’s authors keep all the revenue from their e-books.
The internet enables people to sell their e-books and print books without the hassle of directing people to their homes or trying to get bookstores to display them.
However, in the aftermath of the dot-com crash of 2000–2002, e-books did not find wide acceptance by the publishing industry, and investment in e-reading devices and e-book technologies subsided.
But the lawsuit — similar to previous investigations by lawmakers in the US and European Union — accused Amazon of using MFNs to instead prevent publishers from selling their e-books to customers at a lower price on websites that competed with Amazon.
But with Amazon revealing last week that it sold more e-books than hardbacks in its latest quarter, authors will care increasingly about their cut from e-books than from print—and their market power will surely prevail.
David Elliott, restructuring and insolvency partner at Moore Stephens, said: “The fall in the value of sales for physical books is larger than the growth of e-books, and this is a worrying trend for publishers that are still dependent on paper for their profits.”
Among the categories not actively tracked at this time are: perennial sellers, required classroom reading, textbooks, reference and test preparation guides, e-books available exclusively from a single vendor, journals, workbooks, calorie counters, shopping guides, periodicals and crossword puzzles.
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