Right now Amazon and Hachette are in a tug of war over e-book prices for Hachette titles. Amazon wants to set an e-book price much lower than Hachette wants to.
This is a simplification, but in my opinion, Amazon can set whatever prices it wants and if Hachette doesn’t like it, then Hachette doesn’t have to do business with Amazon and vice versa. It just proves that there has to be some other outlets for competition.
Meanwhile, some authors (a lot of them Hachette authors) took out an ad in the NY Times, asking for the dispute to be settled, feeling like they’re caught in the middle (which they are). According to the Guardian, one author says his book sales are down 60% percent because of the Amazon dispute.
I know Amazon’s important, but come on. This doesn’t seem like Amazon’s fault, or Hachette’s fault for that matter. It seems like the author’s fault.