Simon and Schuster has just reached a new agreement with online bookseller Amazon, and empowers the publisher to once again establish their own prices on eBooks. The deal has been in the works since July of 2014, and has remained under the radar, as the Hachette saga has taken center stage.
One of the benefits of the new contract is that the royalties that authors earn will remain the same. It also allows S&S to determine the pricing of eBooks and print titles, but allows Amazon to give discounts as they see fit.
Simon & Schuster titles also will be well promoted on Amazon’s website, a source close to the situation has said. The contract that had been in place previously was set to expire in two months.
Amazon on Monday evening confirmed the deal, adding, “The agreement specifically creates a financial incentive for Simon & Schuster to deliver lower prices for readers.”
Over the course of 2015, Amazon has new contracts to negotiate with Penguin Random House, Macmillan, and HarperCollins. The Hachette dispute has been ongoing since May of 2014, and has still not been resolved.