Seattle – Amazon.com (NASD: AMZN) has caved on its policy of setting a
standard $9.99 price point for e-books, signing deals with CBS’ (NYSE: CBS) Simon &
Schuster and News Corp.’s (NYSE: NWS) HarperCollins that will let publishers set prices for
new releases at between $12.99 and $14.99, The Wall Street Journal reported.
A representative from Sony (NYSE: SNE)
separately told BusinessWeek that, in addition to Simon & Schuster and
HarperCollins, publishing houses Macmillan, Hachette and Penguin will also
begin setting their own e-book prices.
Both reports cited Apple’s (NASD: AAPL) recent e-book
deals with publishers for the iPad, which have reportedly included terms
allowing publishers to set prices.
While publishers will be able to raise
prices, some newer titles and many library e-book titles will continue to sell
for $9.99, the reports said.