Amazon's price war
[Commentary] The publisher of some of Koss's books, Macmillan, took a stand recently, telling Amazon that it would no longer agree to Amazon's selling its e-books at a default price of $9.99.
It not only intended to raise prices on Macmillan e-books, but it was no longer willing to split the revenues generated by them 50/50 with Amazon. Amazon did not take the ultimatum well. The bookseller insisted it was fighting on behalf of the people, who want cheap books. Macmillan held firm, saying it wanted to raise the price of its e-books to as much as $15. The dispute grew more bitter over a period of months, with each side refusing to back down. Finally, Amazon reared up and, with one mighty swipe of its terrible claw, cut the power to every "buy" button of every book published by Macmillan, and not just on e-books but on hard cover and soft too. Even on audio books. An eerie silence fell. The giants lumbered off to seethe. Authors waited meekly, wondering about paying the gas bill. Shoppers went elsewhere, or bought other books. Then, POOF! Just as suddenly as they disappeared, the "buy" buttons were back, and authors could resume gazing uncomprehendingly at their inexplicably changing rankings online.