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Publishing Leaders Issuing Warning over Amazon’s Market Power

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Publishing Leaders Issuing Warning over Amazon’s Market Power

You may be asking yourself, so what’s the big deal?  As a reader, you should be informed on how Amazon works with publishers and independent authors. One of the biggest complaints about their “domination” in the industry is Kindle Unlimited.  As an author, if we enroll our books into the KU program, it means that we cannot sell our eBook versions on any other platform as long as we maintain our enrollment.  What does that mean? You won’t find our novels on iBooks, Google Play, and Nook due to exclusivity provisions authors must agree to while in KU.

If that wasn’t bad enough to stiffle our sales, while readers pay a flat fee per month to read unlimited books, authors only get paid each time a reader flips a page on their Kindle device.  For example, today I had a reader flip 27 pages, which equated to $0.12 in royalties.  I can’t even buy a cup of coffee for what I make off of each book in KU.

It is no wonder that complaints are being filed by the industry against Amazon.  It’s only a matter of time before their strong-arm tactics of industry domination will be challenged.  They are effectively killing off the bookselling industry in many markets.  Yes, they are convenient, I give them that much. Nevertheless, do they always have to be the only place we shop?  Of course, shame on my for advertising Kindle Unlimited on this website!

Three of publishing’s most important organizations have teamed up to write a letter to the chairman of the House Antitrust Subcommittee investigating the market power of Big Tech to press their case that, over the last several years, Amazon’s growing dominance over book publishing and bookselling has fundamentally altered the competitive framework of the industry. If Amazon’s power is left unchecked, the letter continues, competition within publishing could diminish even more.

Source: Publishing Leaders Issuing Warning over Amazon’s Market Power

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Author and promoter of historical romance.

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