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Brands like Costco and Amazon make a huge chunk of change, but you don't see them getting into petty stuff like this.

Is the following statement (from the article) false?

As for ruthless profiteering, consider that Amazon, with their e-book publishing, originally took the fat end of a 70-30 revenue split with authors.

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This was true until iBooks came out. Keep in mind that a 70% cut for the publisher for books is better than most authors traditionally get. Meanwhile, record labels' cuts are usually more than 90%.

Right, I realize they reversed the cut after iBooks came out. But so now it's 30%, just like Apple.

Even now, to get Amazon's cut down to 30% you need to agree to a list of restrictions about pricing and availability that are favourable to Amazon.

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