Biz, Tech: Amazon takes it from Macmillan because it has no choice
- 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.
- A statement from Amazon • On its decision to back down from the removal of Macmillan’s e-books over a disagreement on pricing. Amazon removed all of Macmillan’s books on Friday, only to put them back up today. Amazon has insisted on a $9.99 price for Kindle books, but Macmillian wants to charge more. Amazon is optimistic that other major publishers won’t follow suit. We’ll see where optimism gets them. source