Wednesday, February 22, 2012
Amazon Pulls Publishing Group's Titles
Amazon.com Inc. has pulled from its Kindle e-book store nearly 5,000 titles distributed by a group representing more than 500 independent publishers following a dispute over terms.
Amazon stopped selling the Kindle titles Monday evening, said Mark Suchomel, president of the Independent Publishers Group, although it continues to sell the group's physical titles. Mr. Suchomel said the group had been negotiating for a new e-book contract with Amazon but that the retailer wanted more favorable terms.
"They decided that what they were getting last week is no longer good enough this week," said Mr. Suchomel.
He declined to be more specific. Publishing terms generally cover such areas as wholesale pricing, advertising, and payment requirements. In some e-book deals, publishers set the retail price but that isn't the case with the digital titles distributed by Independent Publishers Group, where Amazon sets the retail price.
A person familiar with the situation said that the terms offered to Amazon by Independent Publishers Group were not as favorable as terms available from rival book distributors. Mr. Suchomel said his terms are in line with those of his rivals.