Amazon (AMZN) Strikes A Multi-Year Deal For Publishing With HarperCollins
Amazon.com, Inc. (NASDAQ:AMZN) and publisher HarperCollins have entered into a publishing deal that covers e-books and print titles. As part of the multi-year publishing agreement, HarperCollins will be able to set the retail prices of its digital books, but the company will also enjoy financial incentives to enable it offer lower the cost of its titles consumers. The publishing deal is expected to take effect as early as this week, although financial terms of the agreement have not been disclosed.
After a year characterized by fighting publishers and writers in 2014, Amazon.com, Inc. (NASDAQ:AMZN) appear to be off to a positive start in 2015 as the company continues to ink deals with publishers. Such agreements should help the company eliminate wrangles that disrupt its publishing platform.
HarperCollins says it is a deal
According to a HarperCollins spokeswoman, the publisher has reached a deal with agreement that will see their books to remain on Amazon’s digital and print platforms.
Amazon putting war with publishers to rest
Amazon.com, Inc. (NASDAQ:AMZN) has in the past been pitted in bitter fighting with publishers and writers. The company managed to seal a multi-year deal with another known as Hachette Book Group in November 2014, a step that helped end months of wrangling. The agreement with Hachette Book Group covered both print and e-books. Amazon has also signed deals with publishers such as Macmillan and Simon & Schuster, under much the same terms as the one inked by HarperCollins, primarily allowing publishers to take control of retail pricing of their books.
There speculations that HarperCollins was declining to sign the agreement with Amazon to sell its books. Last year, Amazon.com, Inc. (NASDAQ:AMZN) stopped accepting preorders on new HarperCollins titles and also cut its discounts on many titles by the publisher when the companies seemed headed for disagreement in the talks.
HarperCollins is a unit of News Corp (NASDAQ:NWSA), which also has a division known as Amplify that is trying to replace paper and pencil in schools. On the other, Hachette Book Group is owned by French company known as Lagardere SCA, and it is the fourth-largest among the U.S. book publishers.
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