– Amazon.com (NASD: AMZN) has agreed to raise the price on e-books from publisher Macmillan,
after a standoff last week that saw the company temporarily remove the
"buy" buttons from Macmillan e-book titles on its site, The New York
Times reported. While Amazon’s default pricing on e-books is $9.99, beginning
in March the publisher will be able to set its own price for its e-book titles,
expected to range from $12.99 to $14.99.
The Times noted that these terms are
similar to the terms of deals Apple (NASD: AAPL) recently signed with publishers for the
sale of their e-books in a new online store for the forthcoming iPad.
have expressed our strong disagreement and the seriousness of our disagreement
by temporarily ceasing the sale of all Macmillan titles," Amazon said in a
"We want you to know that ultimately, however, we will have to capitulate
and accept Macmillan’s terms because Macmillan has a monopoly over their own
titles, and we will want to offer them to you even at prices we believe are
needlessly high for e-books."