{"id":17417,"date":"2016-08-31T15:02:54","date_gmt":"2016-08-31T20:02:54","guid":{"rendered":"http:\/\/www.ebookrumors.com\/?p=17417"},"modified":"2016-08-31T15:02:54","modified_gmt":"2016-08-31T20:02:54","slug":"penguin-random-house-hoisted-by-its-own-petard","status":"publish","type":"post","link":"https:\/\/www.ebookrumors.com\/?p=17417","title":{"rendered":"Penguin Random House Hoisted by its own Petard!"},"content":{"rendered":"<p><a href=\"http:\/\/www.thebookseller.com\/news\/prh-revenues-decline-107-383221\"><strong>The Bookseller<\/strong><\/a> confirms that <strong>Penguin Random House<\/strong> is indeed hungry for the old eBook cash stream. <strong>Penguin Random House&#8217;s<\/strong>\u00a0(and the other <strong>big legacy publishers&#8217;<\/strong>) decision to arbitrarily increase the price of eBooks has worked, and as a result, Penguin Random House eBook sales continue to fall.<\/p>\n<p>Their plan was to artificially slow the decline of physical book sales\u00a0by inflating the price of digital books to ridiculous proportions and thereby\u00a0torpedoing the burgeoning but lucrative eBook market that was seen as competition. This was a plan?<\/p>\n<p>Now they&#8217;re\u00a0hurting from these self-inflicted losses, and remembering the big profits they used to make selling eBook titles.<\/p>\n<p>They deserve the shit-kicking the eBook market is soon\u00a0to give them. Hopefully, this will herald\u00a0a return to more sensible competition\u00a0in an <strong>Indie-dominated<\/strong>\u00a0<strong>eBook Revolution<\/strong> that has been bloodied but remains unbowed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bookseller confirms that Penguin Random House is indeed hungry for the old eBook cash stream. Penguin Random House&#8217;s\u00a0(and the other big legacy publishers&#8217;) decision to arbitrarily increase the price of eBooks has worked, and as a result, Penguin Random House eBook sales continue to fall. Their plan was to artificially slow the decline of &hellip; <\/p>\n<p><a class=\"more-link btn\" href=\"https:\/\/www.ebookrumors.com\/?p=17417\">Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,3,11,4,5,8,6,25,13,24,20],"tags":[],"_links":{"self":[{"href":"https:\/\/www.ebookrumors.com\/index.php?rest_route=\/wp\/v2\/posts\/17417"}],"collection":[{"href":"https:\/\/www.ebookrumors.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ebookrumors.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ebookrumors.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ebookrumors.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17417"}],"version-history":[{"count":10,"href":"https:\/\/www.ebookrumors.com\/index.php?rest_route=\/wp\/v2\/posts\/17417\/revisions"}],"predecessor-version":[{"id":17427,"href":"https:\/\/www.ebookrumors.com\/index.php?rest_route=\/wp\/v2\/posts\/17417\/revisions\/17427"}],"wp:attachment":[{"href":"https:\/\/www.ebookrumors.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ebookrumors.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ebookrumors.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}