Amazon.com, Inc. (AMZN) Argues E-Books Should Be Cheaper, Authors Retaliate

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Amazon.com, Inc. (NASDAQ:AMZN)’s “strongly-worded letter” against the Hachette Book Group and a letter from authors against the electronic commerce giant was discussed on Bloomberg’s Countdown.

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Amazon.com, Inc. (NASDAQ:AMZN), in an open letter it reportedly sent authors and also published online, argued that e-books should be less expensive than they currently are.

“With an e-book, there’s no printing, no over-printing, no need to forecast, no returns, no lost sales due to out of stock, no warehousing costs, no transportation costs, and there is no secondary market — e-books cannot be resold as used books. E-books can and should be less expensive,” wrote Amazon.com, Inc. (NASDAQ:AMZN).

However, it seems that authors are striking back at Amazon.com, Inc. (NASDAQ:AMZN). This group of authors, who claim to be mostly not published by the Hachette Book Group, even took out an ad in The New York Times to publish their own letter. The group which numbers over 900 authors includes big names in the industry such as Stephen King and John Grisham.

“As writers – most of us not published by Hachette – we feel strongly that no bookseller should block the sale of books or otherwise prevent or discourage customers from ordering or receiving the books they want. We call on Amazon to resolve its dispute with Hachette without further hurting authors and without blocking or otherwise delaying the sale of books to its customers,” the letter stated.

Amazon.com, Inc. (NASDAQ:AMZN) and the Hachette Book Group are locked in a bitter battle over book pricing and revenue shares.

Watch the video below where The Walt Disney Company (NYSE:DIS) is also said to be now involved in a dispute with Amazon.

Disclosure: None

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