Amazon, HarperCollins Reach Multiyear Book Deal

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Amazon.com and HarperCollins Publishers have agreed to a multi-year deal covering the sale of print and e-books, the latest agreement between the Web retailer and a major publishing house following disputes over the share of e-book profits.

“HarperCollins has reached an agreement with Amazon and our books will continue to be available on the Amazon print and digital platforms,” HarperCollins spokeswoman Erin Crum said Monday.

Craig Berman, a spokesman for Seattle-based Amazon, didn’t immediately respond to a request for comment.

The agreement follows previous deals between Amazon and Hachette Book Group, Macmillan Publishers and Simon & Schuster. A sticking point between Amazon, authors and book publishers has been the price of digital books and shared revenue. Amazon has sought discounts, arguing that the move would boost sale volumes and result in more total revenue. Book publishers and some authors resisted the move, saying Amazon’s tactics were costing them income.

The publishing industry has been grappling with shifting business models as fewer consumers buy print books and instead turn to digital versions. Amazon dominates e-book sales with about 60 percent of the market, according to Forrester Research Inc. The Web retailer also helped pioneer the e-book market with the introduction of the Kindle reading device in 2007.

SOURCE: Bloomberg – Spencer Soper

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