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Amazon hits back at claims it is to blame for falling author earningsRetailer insists Authors Guild report that criticised the online giant for contributing to tumbling writers’ incomes used flawed figures, but Guild stands by findings .This says it all, guilty as charged 'Amazon (which now controls 72% of the online book market in the US) puts pressure on [publishers] to keep costs down and takes a large percentage, plus marketing fees, forcing publishers to pass on their losses to authors,” said the report.' And have any of these geniuses bothered to ask about the internet age in general? Hardcover has to be down because of price, Kindle up. $5 mass market paperbacks might fare a little better with old people but everything's going virtual. Musicians are getting killed by streaming Amazon gave authors' books to the masses
Source: The Guardian - 🏆 84. / 53 Read more »