Simon & Schuster, Amazon Settle Dispute
posted on by Rachel Mahoney
Amazon and CBS-owned publisher Simon & Schuster agreed to a deal last month after three months of negotiations.
Amazon is pursuing lower prices for books and ebooks, which it says will bolster sales to the benefit of both parties. In a statement, Amazon said that "the agreement specifically creates a financial incentive for Simon & Schuster to deliver lower prices for readers."
Carolyn Reidy, Simon & Schuster's CEO, said the agreement is "economically advantageous for both Simon & Schuster and its authors and maintains the author's share of income generated from e-book sales."
Simon & Schuster distributes Viz Media manga publications in North America.
Amazon is still in the midst of a dispute with publisher Hachette, and by extension, Hachette's manga imprint Yen Press. Amazon has been limiting pre-orders on Hachette titles and buying less inventory than normal.
Source: CNN Money