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IPG, Amazon reach agreement on sale of e-book titles
28 May 12
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Monday, May 28, 2012
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Amazon’s actions in February came after negotiations between the online retailer and IPG over Amazon’s request for better terms and higher co-op broke down. Since late in 2011 Amazon has been meeting with publishers and distributors looking for, among other things, co-op on e-books.
IPG representatives stated in February that if the distributor agreed to Amazon’s terms, its clients would not be able to make money selling Kindle titles. Amazon believes that the investments it has made in the e-book market and the fact its terms have been in place for a significant amount of time warrant a better deal.
To give a boost to its publishers, IPG will not take a distribution fee on Kindle sales on titles sold from June 1 through August 31, 2012.
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