Amazon is ‘destroying’ publishing industry
Monday 15 April 2013
Online giant Amazon is harming the books industry and threatens to “destroy” competition, the head of Britain’s booksellers has warned.
“Amazon is a negative influence on today’s publishing industry,” Tim Godfray, chief executive of the Booksellers Association, told a panel at the London Book Fair. “Amazon has got so big it is now not competing but destroying the competition.”
Mr Godfray said the internet giant is dictating tougher terms from publishers and is improving its own margins further by funnelling most of its £3bn of UK sales through Luxembourg to avoid British corporation tax.
While consumers have benefited from lower prices, Mr Godfray claimed Amazon was then “locking customers into their own proprietary system”, the Kindle e-book platform.
But Eoin Purcell, commissioning editor at Irish publisher New Island Books, said Amazon was “probably the most unfairly maligned company operating in the books trade at the moment”.
He urged publishers and technology rivals to “look at its success and learn from it”.
- 1 2015 General Election: Green party will not appear in TV debate alongside Ukip – says BBC
- 2 Canadian actor punched in face after 'Islamophobia' experiment goes wrong in wake of Ottawa shooting
- 3 Topshop at centre of row over body image as 'shocking' skinny mannequin photo goes viral
- 4 Kentucky gang rape: 15-year-old boy left in critical condition after sexual attack by group at party
- 5 Of course, teenage girls need role models – but not like beauty vlogger Zoella
Pope Francis declares evolution and Big Bang theory are real and God is not 'a magician with a magic wand'
Huge surge in Ukip support after EU funding row, according to new poll
Ukip ‘exploiting grooming scandal’ to secure party’s first police chief
Nigel Farage: 'There’s nothing wrong with white people blacking up'
Muslims, immigration and teenage pregnancy: British people are ignorant about almost everything
Maureen Lipman says 'she can't vote Labour while Ed Miliband is leader'
iJobs Money & Business
£20000 - £23250 Per Annum pro rata: Clearwater People Solutions Ltd: Pro rata ...
£40 - 48k + Benefits: Guru Careers: We are seeking a Marketing Manager to join...
£45,000 - £65,000: Saxton Leigh: Our client is a well-known APAC Corporate and...
£60000 per annum: Ashdown Group: Compensation and Benefits Manager - Compensat...