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Gryphon


News Team
News Team
According to The Associated Press, Bloomberg News and other outlets, Amazon over the weekend stopped selling books from publishing giant Macmillan. Amazon had sought to price new titles at $9.99, but Macmillan insisted on selling e-books for the Kindle for as much as $14.99. (Oddly enough, under Macmillan's plan, Amazon makes more for each e-book sold.)

Sunday, though, Amazon said that, even though Macmillan has a "monopoly" on its titles, the retailer would sell the e-books at the higher prices, saying it wants to offer them to Kindle owners.

Apple last week reached a deal with publishers to sell e-books for the iPad at publishers' desired $12.99 to $14.99 prices.

"The balance of power shifted slightly away from Amazon to the publisher," Benchmark analyst Fred Moran told Bloomberg News. "If Amazon can't price its e-books where it wants, it means that competition from emerging e-readers like the Apple tablet will have a better chance of stealing market share from Amazon."

More: http://www.mercurynews.com/bay-area-news/ci_14311344?source=rss&nclick_check=1

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