As of today, however, the books have returned after the two parties reached an agreement.
Earlier in the year, when it came time for the contract to be renegotiated, IPG's president Mark Suchomel said Amazon proposed new terms that were "substantially changed" from the previous terms, meaning lower revenue for the authors. Suchomel is said to have offered terms comparable to other publishers in the marketplace, but Amazon did not agree and pulled the electronic books whilst keeping the physical titles available for sale.
There was no word on the intricacies of the new deal, but clearly they must be more favorable to everyone involved then in past negotiations.
The dispute is not the first Amazon has had with publishers in recent years, as many used to accuse Amazon of having a monopoly on the market. Apple and the major publishers were recently sued by the DOJ for allegedly colluding to break Amazon's "stranglehold" on the market.
Written by: Andre Yoskowitz @ 26 May 2012 17:50
