Amazon v Hachette
Amazon is in dispute with Hachette book Group in the US. I've been vaguely aware of this for a while, but didn't think it affected me. Except perhaps that my Amazon sales have been very poor this last month. But then, August is a bad month as everyone, but everyone, goes on holiday and forgets reading.
The squabble is affecting writers like Stephen King, Lee Child and James Patterson. They claim Amazon is sanctioning books - I'm not sure what they mean by that, but I think it means they don't supply them in the usual way when asked - but it affects 2,500 Hachette authors and over 7,000 titles.
Sales for these books have declined by between 50% to 90%. The struggle has been going on for six months and really hurts debut and midlist authors.
In a nutshell, Amazon says it is fighting for lower prices which benefit the consumer. Yay! Authors United, who oppose what Amazon is doing, are seen as a group of "rich authors who are seeking higher e-book prices."
I don't know the rights and wrongs of this squabble, but I do know I won't pay £10 for a Kindle copy of any book. I'll wait. Eventually the price comes down. I'd hesitate to pay £5, but then maybe I'm mean. I'd pay £6, £7, even £8 for a paperback copy - but not a Kindle copy. I think I'm siding with Amazon.