You can be on Entrepreneur’s cover!

Amazon Strikes Deal With Simon & Schuster on E-Book Prices The months-long standoff has ended, with an agreement on the future price of e-books.

By Reuters

entrepreneur daily

This story originally appeared on Reuters

Online book retailer Amazon.com Inc said on Monday it has signed a multi-year deal with Simon & Schuster Inc, the second Big-Five book publisher, on the future price of e-books.

Amazon, which had been in talks with Simon & Schuster since July over pricing, confirmed the deal first reported by the Business Insider news blog that the two had reached an agreement.

Amazon had been locked in a months-long standoff with publisher Hachette Book Group, the fourth-largest U.S. book publisher owned by France's Lagardere, over digital book pricing. That has led to numerous issues for authors.

Industry experts had expected other publishers eventually to be drawn into negotiations as well, as the Internet retailer tries to set new benchmarks for the e-book market.

Negotiations with Simon & Schuster took about three weeks and closed two months before Amazon's contract expired, according to Business Insider.

Simon & Schuster made its original offer and an agreement was reached after a few changes by Amazon, the source told Business Insider.

(Reporting by Arathy S Nair in Bangalore and Deepa Seetharaman in San Francisco; Editing by Maju Samuel and Diane Craft)

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Growing a Business

The Brand Whiz Behind Sun Bum Is Famous For Making Boring Products Fun. Then, This One Stumped Him.

Everything Tom Rinks touched turned to gold until he took on a brand launch at Target that fizzled. Then, he found a creepy doll on Ebay, and he saw a way forward.

Business News

'Wildly Inappropriate': Woman Says She Was Denied a Job Because She Didn't Wear Makeup During the Interview

Melissa Weaver was applying for a VP of HR job at a tech company via video.

Thought Leaders

How To Improve Your Soft Skills and Emotional Intelligence in 7 Easy Steps

Using these simple but effective approaches will help a person in their business, life and relationships.

Business News

Mark Zuckerberg Told Meta Engineers to 'Figure Out' Snapchat's Privacy Protections: 'We Have No Analytics on Them'

Recently unsealed court documents detail "Project Ghostbusters," Meta's project to work around Snapchat's end-to-end encryption to intercept data.

Starting a Business

Free Webinar | April 25: How to Launch a Business For Creative Minded People

You can monetize your creativity! Join our webinar on April 25th to ask globally recognized design executive Launi King anything you want to turn your passions into money. Register now!