Oh, god. Via the New York Times:
Google has been talking about entering the direct e-book market, through a program it calls Google Editions, for nearly a year. But in early discussions with publishers, Google had proposed giving them a 63 percent cut of the suggested retail price, and allowing consumers to print copies of the digital books and cut and paste segments. [...] According to several publishers who have been talking to Google, the book companies had balked at what they saw as Google’s less generous terms, and basically viewed printing and cut-and-paste as deal breakers.
Which is to say, “we intend to collude to force our customers to pay more for something with which they will be permitted to do less.” Honestly, that’s your plan? Your business is text, and cut and paste are dealbreakers?
Good luck, publishers. Don’t let the future hit you on the ass on the way out.