Word: amazons
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...Clancy, Google's engineering director, said the deal affects only a neglected and unprofitable sliver of the book market. Competitors like Microsoft and Amazon aren't trying to digitize library books - Microsoft started a rival effort but dropped it last year - "and so the fact that they don't want these books accessible isn't a shocker," he said. "The vast majority of people I talk to are very excited about the idea that this content is going to be unlocked and opened up." Clancy acknowledged criticism that some parts of the settlement may be too broad but said changes...
...authors and publishers from the Netherlands to New Zealand have written to U.S. District Court Judge Denny Chin, some expressing astonishment and outrage. France and Germany have protested; German Chancellor Angela Merkel singled out Google for criticism in a podcast this month. (Read about the book price war among Amazon, Walmart and Target...
...carries a somewhat higher risk for Amazon, since book sales are still a bread-and-butter portion of its business. "This price war is not the greatest development for Amazon," says Heupel. "But will it move the needle for these guys? No. The Kindle is the endgame for the company." (See "Where the Cyber Monday Deals...
...Amazon's hot digital reader will also face stiffer competition over the holidays. Barnes & Noble, for example, just unveiled its new entry into the market, the Nook. But Kindle sales are still strong. "Kindle has become the No. 1 best-selling item by both unit sales and dollars - not just in our electronics store but across all product categories on Amazon.com," Amazon founder and chief executive Jeff Bezos recently said. Amazon's profit soared 68%, to $199 million, for the quarter that ended Sept. 30. The book discounts could draw traffic to the site and tempt shoppers to pony...
...Amazon and Walmart declined to comment on their pricing practices. "This is a promotion in order to drive traffic," says Target spokeswoman Kelly Basgen. "This is not a long-term pricing strategy." Those words might be soothing to publishers. But shoppers might want to start stockpiling those books real fast...