3 ms·
Amazon is much bigger than Hachette. They can absorb losses due to these proposals more easily. If a guy making $50 a day tells a guy making $10 a day that it's
by BryantD 12y ago
Amazon is much bigger than Hachette. They can absorb losses due to these proposals more easily. If a guy making $50 a day tells a guy making $10 a day that it's fair for them to both make $5 less per day, he's wrong.
Note that Amazon is being semantic when they say ebooks are 1% of income. That's for the Lagardere group as a whole. Hachette is a subsidiary and doesn't have the flexibility to just tell the other subsidiaries to absorb their losses.
http://www.lagardere.com/businesses/lagardere-publishing/overview-and-priorities-600028.html http://www.lagardere.com/businesses/lagardere-publishing/ove...