In the past month, since the Amazon-Hachette contract dispute became public, Amazon’s stock has gone on a run that saw it close more than 10% higher than its three-month low point.
It could be that investors want to see Amazon put pressure on its suppliers to wring more profit from its operations. As suppliers go, Hachette is important in books but small in the overall scheme of things.
So perhaps Amazon’s stock price bump is more about the anticipated launch of its smartphone with 3D functionality or one of the myriad other announcements from far flung corners of the Amazon empire to hit in the past month.
While it’s often unclear why investors do things, they did send a pretty clear signal on the news of Amazon’s new music streaming service for Prime customers: Shares were trading down nearly 3% at market close yesterday.
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The Winner in Amazon vs. Hachette? Barnes & Noble (Barrons)
Stock pickers are watching how the largest bricks-and-mortar books retailer in the U.S. capitalizes on Amazon’s battle with Hachette.
How Much to Leave Amazon? (PC Pro)
For at least one reader looking to switch away from Amazon to other ebook retailers, it would have cost roughly a third more to buy ebooks from a competitor over a six-month period – and the competitor, Kobo, didn’t even have one of the books the reader wanted.
Hachette’s Layoffs Unmasked (Pub Lunch)
One of the top executives to leave Hachette this month in a 28-person workforce reduction was Rick Wolff, publisher and editor-in-chief of Grand Central’s Business Plus imprint.
How to Make the Common Core Pay (DBW)
New educational standards known as the Common Core are facing challenges in some states but that shouldn’t give publishers pause. Here’s five things publishers can do to make hay from in the educational content market.
HarperCollins Expands Digital First Imprint (Pub Lunch)
The science-fiction and fantasy imprint Voyager will expand its Impulse digital-first publishing program to publish 31 new titles by the end of next year.
An NBA Player Treats His Online Book Club (Montreal Gazette)
NBA free agent Ekpe Udoh treated 20 folks in his Twitter-based online book club to a special treat: free screening of The Fault in Our Stars, all expenses paid, including for those who had to fly in for the fun.
Wiley Acquires Pharma Research Software Firm (DBW)
The acquisition makes Wiley more digital and more business-facing.
Smashwords Adds Daily Sales Reporting (The Digital Reader)
The author services arms race continues.
Self-Publishing in Arab World (Pub Perspectives)
A new start-up called Narcissus hopes to jumpstart this lucrative segment for retailers and author services firms in the Arab world.
IPR License Expands in China (DBW)
A new partnership between IPR License and a Chinese firm is aimed at bringing more Chinese publishers on board to the IPR License platform.
Old-Book Smell Identified (Fast Coexist)
While no one chemical accounts for that “old-book smell” we all love, you can bet now that the cocktail has been identified, Amazon or some digital publishing start-up is working on a way for your e-reader to emit it.
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