::hides from work::

[teddog]

Because it makes me meh.

This is unnerving stuff:
http://www.theglobeandmail.com/servlet/story/RTGAM.20060502.wdollar0502/BNStory/Business/home
I remember when the dollar was hovering around 60 cents.

So... I got bored last night and without internet and wanting to read something, I looked up a bunch of old RP logs. Read from... I think it was December 28 to the beginning of the fox misadventure (can't remember the date on that one. Mid January?). Interesting stuff, if mildly entertaining. I'd forgotten about some of the cute small things, like Lorna picking up a herd of men after walking down the beach (which grew larger with every post) and then throwing them off by giving them the number of a gay escort service. Fun stuff.

Comments

[vonandmoggy.livejournal.com]

Rights: ok, I may be getting this wrong so keep that in mind. Book retailing is a unique aspect of copyright law and is fairly complex. The rights holder only purchases what are called territorial rights and can only sell the book in that particular territory. In other words, if you write a book Harper Collins may be your publisher in Canada, Random House in the States, and Little, Brown in Britain. A Canadian retailer would not be legally allowed to order your book from anyone save Harper Collins (I'm side-stepping distributors like North 49 here since it makes the discussion a wee bit more complex). Even if Harper Collins is out of stock (not out of print) on your book!

Where it gets trickier (and again, I'm not sure of the exact wording) is the fact that the price of the book (more on this in a sec) has to be within a certain percentage of the exchange rate. If it's not, a retailer can go somewhere else - they are allowed to violate territorial rights and source the book from, say, the US or the UK.

So, if your book was $17.95 US and sold for $24.95 Canadian (through Harper Collins) the book is over the current exchange rate. At some point (I'm not positive on the particulars) Canadian bookstores would be allowed to source your book through either Britain or the US instead to get a better price.

Prices: The printed price on the book is only a suggested retail price. One could actually argue that that printed price has no business being on the book since it actually acts as a default final price. It's important to note that this price is what the retailer was charged (less, of course, their discount off that price). But any retailer could sell the book for a higher or lower price than what's printed - it just never goes higher since customers would freak. So yeah, you're totally right with the pricing across Canada (barring sale prices and discounts) - books are the same price everywhere.

So, to answer your last question - the pressure to change the price of the books to reflect the correct exchange rate comes from the territorial rights agreements. If, in the example above, Harper Collins continues to sell your book at the inflated price, eventually book retailers will be able to get it from an alternative (US or UK) source. The catch right now (and my understanding is that it's a big problem) is that this hasn't happened yet - so the books are still being bought and sold at the MSRP regardless of how well the Canadian dollar is doing. That has to change, but when and to what extent is anyone's guess.

But right now publishers selling books in Canada are doing pretty damn well.

Von