Tags: amazon | harpercollins | deal | print | e book

Amazon, HarperCollins Reach Publishing Deal for Print, E-Books

By    |   Wednesday, 15 Apr 2015 09:22 AM

Amazon and HarperCollins Publishers have come to an agreement on a multiyear deal covering the sale of print and e-books, averting what some believed was an impeding war between the two companies.

The deal concluded an extended negotiation period between the Internet giant and the publishing powerhouse as the book industry continues to struggle with the shifting business models as more consumers opt for e-books over print, Bloomberg reported. Amazon currently dominates the e-book market with about 60 percent of sales, Forrester Research Inc. told the business publication.

"HarperCollins has reached an agreement with Amazon and our books will continue to be available on the Amazon print and digital platforms," HarperCollins spokeswoman Erin Crum told Bloomberg Monday.

The New York Times reported that Amazon and New York publishing houses have not had the best of relationships. The bad blood reportedly deepened a year ago when publisher Hachette fought with Jeff Bezos' company for several months of the cost of its e-books.

"Amazon discouraged sales of Hachette books to pressure the publisher, and Hachette's writers and their allies took to the barricades," The Times reported. "The impasse was broken when Amazon signed a contract with Simon & Schuster in October and then used the same terms to broker peace with Hachette. A deal with another major house, Macmillan, promptly followed."

Business Insider Australia reported on April 1 that Amazon and HarperCollins were at a standoff with contracts about to expire.

"The contract presented to HarperCollins was the same contract recently signed by Simon & Schuster, Hachette, and Macmillan, our source says," the site reported. "If HarperCollins and Amazon don't come to an agreement, no print or digital HarperCollins books will be available on Amazon once its current contract runs out 'very soon.'"

Bloomberg reported that Amazon and book publishers have struggled through their negotiations to come to an agreement over the price of digital books and shared revenue. Amazon wanted discounts, according to Bloomberg, as it claimed that the move would boost sale volumes and result in more total revenue.

Some authors and publishers, though, charged that the Internet giant was costing them needed income and, for a long time, bucked the call for discounts.

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Amazon and HarperCollins Publishers have come to an agreement on a multiyear deal covering the sale of print and e-books, averting what some believed was an impeding war between the two companies.
amazon, harpercollins, deal, print, e book
365
2015-22-15
Wednesday, 15 Apr 2015 09:22 AM
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