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Topic: Random House adopts agency pricing March 1st

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Subject: Random House adopts agency pricing March 1st
Date Posted: 3/1/2011 9:39 AM ET
Member Since: 8/18/2005
Posts: 7,977
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Sorry I didn't catch this before, or I would have picked up a few books here and there while they were cheaper.

Random House adopts agency pricing March 1st

(the original link to this quote doesn't work now.)

February 28, 2011
STATEMENT FROM RANDOM HOUSE, INC. REGARDING ITS U.S. E‐BOOK SALES MODEL
“Random House, Inc. is adopting the agency model for e‐book sales in the United States
effective March 1, 2011. Going forward, Random House will set consumer prices for the ebooks
we publish, and we will provide retailers with a commission for each sale. There are
no changes to our terms of sale for physical books.
“The agency model guarantees a higher margin for retailers than did our previous sales
terms. We are making this change both as an investment in the successful digital transition
of our existing partners and in order to give us the opportunity to forge new retail
relationships.
“We are looking forward to continuing to work with all our retail partners – both digital and
physical ‐‐ on our joint mission to connect our authors with as many readers as possible, in
whatever format they prefer.”

They were not originally part of the Agency Five pricing system. As of this morning, some (if not all) of their books now have new, higher, prices. Some having gone up $2.00, (the Stieg Larsson books went up $2.00 overnight. Saw that for myself.) and one example having gone up $7.70 overnight.

Thing is, if you've pre-ordered anything, go check to see if the price for the pre-order is higher. Make sure you know what you'll be paying, just in case it was a Random House book.

Date Posted: 3/1/2011 10:51 AM ET
Member Since: 4/23/2007
Posts: 9,493
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I wondered why all the sudden certain books' prices jumped so high. I just noticed this this morning.

Date Posted: 3/1/2011 1:38 PM ET
Member Since: 3/31/2006
Posts: 28,495
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Wow!  and here I thought ebooks were overpriced already.

This sort of reminds me about when CDs started to get popular and some of the makers decided to up the price from $11-12 to $16-$18.  It rankled alot of people.  I know I stayed away from the $16 CDs.

Date Posted: 3/1/2011 4:13 PM ET
Member Since: 8/18/2005
Posts: 7,977
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All the Random House books at Fictionwise disapeared last night. Including the ones in my cart and my Wishlist. The Random House books I've already purchased are still downloadable. But darn I should have gotten those last few Rex Stout books I need. I was waiting for payday. Urgh.

Fictionwise is owned by Barnes and Noble now, and B&N didn't negotiate a deal for them to sell any of the Agency Five books, so those were pulled last year and didn't return. Now they don't have a contract to sell Random House. So 'poof', there they go.

At least they still have a lot of indie books left. But I expect B&N to pull the plug on them at any time. Bummer. It was my favorite ebook store.

 

Date Posted: 3/1/2011 4:35 PM ET
Member Since: 10/7/2007
Posts: 7,751
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Price low to see how popular it is the jump high!  Thankfully I got the Literti for library.....tho that too wil change   sigh

Date Posted: 3/1/2011 9:01 PM ET
Member Since: 10/30/2006
Posts: 8,426
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Last Edited on: 4/3/11 2:49 PM ET - Total times edited: 1
Date Posted: 3/1/2011 9:11 PM ET
Member Since: 8/18/2005
Posts: 7,977
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The publishers are making the exact same mistakes that the record execs and the movie studios did- refusing to embrace new technology and trying to corral new technology into the old model.

The problem is how long will it take for them to realize they may be making mistakes? Ever?

I saw an article (which I can't find now, sorry) where someone interviewed the head of one of the publishing houses, and they were asked if they were afraid to make the same mistakes with ebooks as the music industry did with digital music. The answer was that he didn't think the music industry had made any mistakes.

They won't learn if they don't see what they're doing as a mistake. I'm not sure how much of a shakeup it'll take, but it make take a whole new management to come in and change things. And that could be the next generation, if this one is as pig-headed as they seem from the outside.

Fingers crossed it'll happen sooner rather than later.

Date Posted: 3/1/2011 9:44 PM ET
Member Since: 8/18/2005
Posts: 7,977
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Oh, and Netflix isn't all in the clear now either. They're constantly in negotiations for movies/TV shows and pricing.

Here.
 

But things are changing for Netflix. That Disney deal is the first example of the new Netflix, which is reaching out for more and more content and paying a hefty price for it. Analysts estimate that Netflix will spend $700 million in 2011 for content licensing, and crest $1.2 billion in 2012. When Netflix has to renegotiate its Starz deal at the end of 2011, the new agreement will likely make $30 million look like child’s play--$300 million is what analysts are betting on. Netflix is in the big leagues now.
 

For Netflix, new found success means higher prices as studios take it seriously and recognize how much they can get for their content. Not that they’re all so happy to jump in bed with Netflix: Time Warner isn’t too keen on licensing some shows--like premium HBO productions--to Netflix, because it could diminish the exclusivity of the media. Netflix also represents a shift away from longstanding TV practices that don’t sit too well with studios that have made billions from cable over the years. TBS passed on syndication rights for ABC’s Modern Family because it had too much of an online presence.

When Netflix has to raise rates and match cable prices, will it be as popular as it is today?

Date Posted: 3/2/2011 3:47 AM ET
Member Since: 3/31/2006
Posts: 28,495
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And the record companies didn't stop people from using their MP3 players, did they?  People went to digital music anyway.

I guess some of those entrenched in these industries just don't see what good there is in it.  I can't help but think that the less paper book sells someone in these companies might get the idea that people are moving to ereaders.

I guess I don't have to worry about not having anything to read.  I was collecting free ebooks for 2 months before I got my Nook.  I think I've got about 200 books to read.  that should keep me busy for awhile.  LOL

Date Posted: 3/2/2011 9:50 AM ET
Member Since: 8/18/2005
Posts: 7,977
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I guess I don't have to worry about not having anything to read.  I was collecting free ebooks for 2 months before I got my Nook.  I think I've got about 200 books to read.  that should keep me busy for awhile.  LOL

I'm probably set as well. I managed to 'fill up' last year with Fictionwise coupons and sale before the Agency war, and I've been collecting reading material for years. I originally started reading on electronic devices about 15 years ago so I could read fanfic without having to print it out or read off the monitor in the evening. Over the years, I've collected thousands of stories I want to read some day, just haven't gotten to them yet. I'm still collecting them.

And the freebies this last year sure hasn't hurt, as well as the creation of The Gutenberg Project. It's just a shame newbies are coming in now at a not-so-good time price wise.