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Kindle and Nook readers bash high e-book pricing with angry one-star reviews

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21–30 of 78 posts

Re: Kindle and Nook readers bash high e-book pricing with angry one-star reviews

#21
Sadly, Apple is largely to blame for this mess. Well, if you ignore the publishers.

Ebooks started as a wholesale pricing model. The publishers would sell them to the likes of Amazon at some fixed price. Amazon would then set their own price. This is very similar to the brick-and-mortar pricing model. In some cases Amazon would sell those books at a loss in an effort to grow the Kindle platform.

Publishers didn't like this system because they saw cheap prices as devaluing their content. Publishers are also caught in a backwards mindset where they think if the physical book costs $25 then the ebook should cost $25 even though the latter has no printing or distribution costs.

What's more, even if those costs were the same, ebooks should still cost less because there is no resale market, a fact that digital content publishers seem to ignore.

But Apple's iBooks came along and not only gave the publishers what they want, they required it. And that is the agency model, which allows the publishers to set the price, a move I argue is anticompetitive.

This put Amazon under pressure and the publishers got their way so the pricing is now largely out of Amazon's hands (sadly).

Review bombing is an interesting tactic, one I actually support if done for the right reasons. It was done on the PC game Spore for its ridiculous DRM (initially a limit of 2 (?) activations before EA relented).

What publishers--and in fact all digital content producers--are doing with pricing and DRM is beyond a joke. Sadly the Obama administration (the DoJ in particular) is filling with ex-RIAA lawyers so you know which way the wind is blowing there.

At the same time we have the RIAA/MPAA behind closed doors (with the government as willing accomplices) trying to equate downloading a song with terrorism (eg ACTA) in terms of enforcement priorities.

Re: Kindle and Nook readers bash high e-book pricing with angry one-star reviews

#22
post #6

I have no probelem with people leaving 1* reviews without reading the book, just like I have no problem with Amazon removing those reviews (and only those reviews). Yes they are annoying, but they are also one of the few visible ways to protest. While "not buying the book" will probably be effective in the long term, an indivudial non-purchase isn't going to be noticed by anyone. A similar situation to this frequentl…

They are annoying because they are effectively vandalism.

People here aren't going to like to hear that, and I understand, but dumping stuff on other people's property to make a point isn't less destructive than dumping stuff for no reason at all; it's just destructiveness in the ostensible service of another cause.

Re: Kindle and Nook readers bash high e-book pricing with angry one-star reviews

#23
post #21

Sadly, Apple is largely to blame for this mess. Well, if you ignore the publishers. Ebooks started as a wholesale pricing model. The publishers would sell them to the likes of Amazon at some fixed price. Amazon would then set their own price. This is very similar to the brick-and-mortar pricing model. In some cases Amazon would sell those books at a loss in an effort to grow the Kindle platform. Publishers didn't lik…

This economic analysis is interesting (seriously!). But it is also facile. Yes, ebooks are worth "less" because they can't be resold. but they may be worth more, and maybe significantly more, because they are much more convenient. Durability, resellability, and convenience are benefits. If you need the first two, you can buy paper. You are not entitled to dictate that convenience can't cost 2x (durability + resellability). That's the market's job.

And, like it or not, "bombing" review sites isn't a market action. The market works by price discovery, not application of force.

Re: Kindle and Nook readers bash high e-book pricing with angry one-star reviews

#24

What I find funny is that this would have never happened if they charged the standard $9.99 e-book price (which in itself is absolutely too much for e-books). The $5 difference is causing quite a stir which I am sure is not worth it in the long run.

If $9.99 is too much for an ebook, then publishers will not survive selling ebooks at $9.99. If the market clears at $9.99, then $9.99 is by definition not too much for an ebook.

If you don't believe this, absent a conspiracy theory about publishing†, you don't believe in markets.

For instance, that it's impossible to publish without a publisher, which seems objectively false in 2011.

Re: Kindle and Nook readers bash high e-book pricing with angry one-star reviews

#25
post #2

This is why I hate the 'star' review system. It very often leads to users trying to 'punish' the maker of the product, and creates an incorrect perception that the product itself is flawed. This might be a great book, but someone browsing through titles will only see that it has a 1-star rating and assume it sucks. I really think there'd be a lot of potential in some sort of hybrid review system that could weed out t…

Amazon would be much better-served with a review system that enables users to choose a 5-start rating, AND an overall thumbs up/down recommendation. Then, users will be able to see how good a book is based on how people rate it, and what percentage of readers recommends it. Unfortunately, this system would not solve the problem of eliminating garbage reviews.

Re: Kindle and Nook readers bash high e-book pricing with angry one-star reviews

#26
Shameless plug: I built a site to let people borrow and lend Kindle (and soon Nook) books. You can make wishlists of books you want to try out, and hopefully some kind person who owns that book will loan it to you.

http://booklends.com

Ebook pricing is unfortunate, and a lot of that has more to do with the publishers than with the authors or with Amazon/B&N.

The Fifth Witness, mentioned in the CNET article, currently has an average rating of 1.7 out of 5:

http://booklends.com/books/4d959054461b264b37025bd3

It is not lendable, unfortunately. Again, blame Little, Brown, & Co for that. I think it would be in their best interests to allow their books to be lent to others. While I have no data (yet) to back this up, I believe that people who borrow a book that they enjoy are likely to buy more books from the same author.

Re: Kindle and Nook readers bash high e-book pricing with angry one-star reviews

#27
post #10

What I find funny is that this would have never happened if they charged the standard $9.99 e-book price (which in itself is absolutely too much for e-books). The $5 difference is causing quite a stir which I am sure is not worth it in the long run.

Why is $10 too much for an ebook ? - surely it depends on the value of the content inside it. Valuing a book by it's physical properties is a practice that's gone on for far too long. Lots of technical books are full of "padding" and duplication because no-one will buy a 50 page book which concisely provides the useful information for $10-$20. It waste a huge amount of time both of the author and the readers.

One reason lots of technical books have duplication is because the author knows that a lot of people do not read them cover to cover. Instead they pick and choose the sections that seem relevant/interesting to them and having a recap of some of the key background material needed by that section right there is very useful.

Re: Kindle and Nook readers bash high e-book pricing with angry one-star reviews

#28
post #17
post #10

Earlier quoted context omitted.

Why is $10 too much for an ebook ? - surely it depends on the value of the content inside it. Valuing a book by it's physical properties is a practice that's gone on for far too long. Lots of technical books are full of "padding" and duplication because no-one will buy a 50 page book which concisely provides the useful information for $10-$20. It waste a huge amount of time both of the author and the readers.

"Why is $10 too much for an ebook ? - surely it depends on the value of the content inside it." I think if we are talking about entertainment books (novels and such), there simply is too much competition. At the end of the day, a lot of those entertainment books could be exchanged for another entertainment book. I suppose for similar reasons cinema tickets tend to not vary too much with the content of the movie?

Cinema tickets are fixed due to price fixing by the big movie studios. Studios don't want some movies to be priced lower than other movies as that would send the signal that the cheaper movies are worse than the more expensive movies.

A few years ago Stelios of EasyJet fame tried to start a cinema chain which offered dynamic pricing, Warner Bros, Disney, and 20th Century Fox all refused to licence any of their movies to him which more or less killed his business.

Re: Kindle and Nook readers bash high e-book pricing with angry one-star reviews

#29
post #26

Shameless plug: I built a site to let people borrow and lend Kindle (and soon Nook) books. You can make wishlists of books you want to try out, and hopefully some kind person who owns that book will loan it to you. http://booklends.com Ebook pricing is unfortunate, and a lot of that has more to do with the publishers than with the authors or with Amazon/B&N. The Fifth Witness, mentioned in the CNET article, currently…

Didn't Amazon shut down Lendle for offering such a service?

Re: Kindle and Nook readers bash high e-book pricing with angry one-star reviews

#30
post #24

What I find funny is that this would have never happened if they charged the standard $9.99 e-book price (which in itself is absolutely too much for e-books). The $5 difference is causing quite a stir which I am sure is not worth it in the long run.

If $9.99 is too much for an ebook, then publishers will not survive selling ebooks at $9.99. If the market clears at $9.99, then $9.99 is by definition not too much for an ebook. If you don't believe this, absent a conspiracy theory about publishing†, you don't believe in markets. † For instance, that it's impossible to publish without a publisher, which seems objectively false in 2011 .

Too much is of course a subjective term. The problem with ebooks is that once the book is written they lack scarcity which makes them fairly different from most consumer products. A market clearing price is sort of weird in this instance since we know that the supply can expand to meet infinite consumer demand.

If the parent poster is correct then we'll see a price correction towards a lower price. We'll also see a more active black market appear as has happened in the world of music if the price doesn't drop.

The 9.99 price is likely low enough to discourage most market participants from piracy but if it goes much higher then who knows. To suggest that the state of the market as we see it now is the optimal one isn't correct since the free market should always be fluctuating as things change in the world.

That said if the price was really too high then no one would buy ebooks and everyone would have fixed that by now or decided to abandon the idea for the time being.

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