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Distinguished Correspondent
naylorchic
Posts: 454
Registered: ‎11-19-2009
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Fictionwise

I've never bought books from fictionwise, but I just had a thought.  Kobo has already posted that they will no longer be able to offer promos on books after 4/1/10.  So what's gonna happen w/ fictionwise and their "micropay rebates"(I think that's what they're called)? What will happen to all the rebates you currently have? I'm thinkin ya'll only have a couple of days to redeem those. Sorry if this was already posted and I missed it.

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YvonneReviews
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Re: Fictionwise

I just joined Fictionwise and have a lot of rebates.  Is this true? Should I be spending all my rebates between now and tomorrow????

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Distinguished Correspondent
naylorchic
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Re: Fictionwise

I don't know if you'll lose them or not. I was asking since no one has brought it up that I could tell. @FrogAlum have you heard anything? I know you use Fictionwise.

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Alley415
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Re: Fictionwise

I doubt they could take them away.  But they could "lose" their value if they are no longer offered and if prices remain the same or are increased.  On many new releases Fictionwise is often double the cost of other sellers but the plus was always the credits.  Without those, the books are left as just being high priced.  It would be even worse if they raised the pricing on them above what they already are.

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YvonneReviews
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Re: Fictionwise

You would think there would be some kind of notice about this from Fictionwise.  If the rebates stopped, I can't imagine still buying from them since almost all the books I want are cheaper at B&N.  It was the rebate part that got me.

 

 

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Distinguished Correspondent
naylorchic
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Re: Fictionwise

I think they will be priced the same as everywhere else after 4/1. I mean I'm not sure, but it makes since. If the publishers are setting the price then I would think everywhere ebooks are sold will be the same price across the board with the exception of the publishers that aren't participating in the agency model. Maybe it won't effect the rebates b/c that's kinda sorta like a gift card.  It would def be worth emailing them about so that if ur gonna lose them u can use them before Thurs.

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YvonneReviews
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Re: Fictionwise

If all the prices are the same, I'd just buy them from B&N since I don't have to sideload them.  I think I will email them and see what they say.

 

 

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FrogAlum
Posts: 3,425
Registered: ‎12-25-2009

Re: Fictionwise

 

naylorchic wrote:

I don't know if you'll lose them or not. I was asking since no one has brought it up that I could tell. @FrogAlum have you heard anything? I know you use Fictionwise.

 

 

I haven't heard a thing, just waiting to see.

 

This would be a huge legal headache, changing the value of something midstream (rebates already banked) is big trouble for anyone.

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FrogAlum
Posts: 3,425
Registered: ‎12-25-2009

Re: Fictionwise

Well, this is interesting:

 

I just checked the authors being rebated this week (as that included April 1 and beyond) and members of the "Agency 5" are being rebated, Mary Higgins Clark, for one, is published by Simon and Schuster.

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naylorchic
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Re: Fictionwise

Maybe they aren't going to touch Fictionwise since they are already charging more than what it would be under the agency model. It does seem like the door should swing both ways though. If they want to control pricing then it seems like they would whether it was more or less. If they are going to allow Fictionwise to continue doing the rebates I might consider getting a membership w/ them. I'm going to wait it out first to see what happens. Yvonne let us know what their reply to ur email is.

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YvonneReviews
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Re: Fictionwise

No response from them yet, but I'll be sure to post when I hear from them.  I'm guessing whatever rebates people have now will still be in effect, even if they should stop allowing rebates at some point.  I don't know, we'll see.

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YvonneReviews
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Re: Fictionwise

I just received an email from Fictionwise in response to my inquiry.  They said they are in the process of talking to publishers and suppliers now and to look for future announcements.  So for now, I'm guessing everything is status quo.

 

 

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Distinguished Correspondent
naylorchic
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Re: Fictionwise

Thanks for the update! I hope that even if they do discontinue the Micropay Rebate program they still let you use the ones you have. If they weren't going to be allowed to do that under the new agency model then they should have let everyone know in plenty of time. They've known about the agency model since Feb. I think.

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YvonneReviews
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Re: Fictionwise

I almost think they have to honor what's already been spent.  To do otherwise, I would think there would be alot of legal issues involved.

 

 

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Doug_Pardee
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Re: Fictionwise

[ Edited ]
naylorchic wrote:

If they weren't going to be allowed to do that under the new agency model then they should have let everyone know in plenty of time. They've known about the agency model since Feb. I think.

It's not that simple, unfortunately. They won't know what they'll be able to do until they've finished renegotiating contracts with all five of the affected publishers (well, it's up to seven publishers now). As noted on Kobo's announcement, "the first time we negotiated with some of these publishers it took us 4-6 months to close agreements. We will have renegotiated every agency publisher we’re working with in 20 business days. Extreme!"

 

Now consider that the affected publishers are simultaneously renegotiating with every e-bookstore, and it seems reasonable that it's going to take some time before everyone knows what their contracts are going to look like. The last I heard, Amazon was still negotiating with four of the original five, and it's just two days until things have to happen.

 

Also from the Kobo announcement: "some retailers and wholesalers may not make the transition to agency in time. Publishers may not be able to close all deals by the beginning of April. Retailers may find themselves presented with terms they can’t agree to. There are a lot of system changes that have to be made on just a few days/weeks notice. We may see some books disappearing (temporarily, we hope) from some ebook retailers come April 1st."

 

There are going to be some long nights for e-bookstore programmers and pricing specialists this week.

Distinguished Correspondent
naylorchic
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Re: Fictionwise

There's gonna be some UNHAPPY people on here in the coming days. eBooks on wishlists will prob start saying it's no longer avail from bn, prices are going to be fluctuating, etc. I'm glad my nook is currently well-stocked to keep me busy until all of this gets worked out.

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sub_rosa
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Registered: ‎12-25-2009
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Re: Fictionwise

Time to stock up is now - Kobo has $2 off until Agency Day.  I've got 15-20 books waiting on my Nook and more on my wait list at the eLibrary.

 

And I think Fictionwise will honor the rebates they've already sold, but not be able to offer any more on Axis of Evil publisher books.

 


Don't buy from Random House, Macmillan, or Penguin until the agency model is COMPLETELY dead.
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YvonneReviews
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Re: Fictionwise

I have plenty of books waiting for me to read on my Nook, too.  So, I'm not worried about that.  I was just worried about losing my rebates - although if I have to do a sudden shopping spree tomorrow, it wouldn't be the worst thing in the world.  I do know what I want, I've just been holding off.

 

 

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Distinguished Scribe
sub_rosa
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Re: Fictionwise

I don't think you have to worry about it, really - your earned rewards are just that - earned.

 

In addition to being everyone's favorite gadfly around here, I am also a licensed attorney in the state and federal courts where I live and practice.  You have entered into a valid and binding contract with Fictionwise. If nothing else, they should give you the cash value of the "rewards" you've earned pursuant to your contract(s) prior to the evil agency model.  The same would go for those other customers like you who are similarly situated - they don't need a class action lawsuit for failing to honor their contract regarding rewards and rebates.

 

 


Don't buy from Random House, Macmillan, or Penguin until the agency model is COMPLETELY dead.
Bibliophile
bklvr896
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Registered: ‎12-31-2009
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Re: Fictionwise