Amazon gives in on pressure for higher eBook prices

Posted on Monday, February 01 2010 @ 17:14 CET by Thomas De Maesschalck

Amazon announced it will have to give in to Macmillan's demands to sell eBooks at higher rates, even though it believes a $14.99 price tag for an eBook is needlessly high.

The announcement comes after Amazon temporarily pulled Macmillan books from its Web site in a dispute over e-book pricing. Macmillan and other book publishers have asked Amazon to increase the sales price of e-books on its Web site. But Amazon stood firm in its contention that anything above $9.99 was too high--that is until now.

"We have expressed our strong disagreement and the seriousness of our disagreement by temporarily ceasing the sale of all Macmillan titles," Amazon's statement read. "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."

More info at CNET.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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Re: Amazon gives in on pressure for higher eBook prices
by Thomas De Maesschalck (lsdsmurf@dvhardware.net) on Monday, February 01 2010 @ 17:19 CET

Pretty nuts if you ask me. Why pay $14.99 or even $9.99 for an eBook when you can get the paperback version for the same price - or perhaps even cheaper?

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