Amazon and Simon & Schuster have established a new multi-year print and digital agreement. The previous contract was scheduled to expire in two months.
Here’s more from The Wall Street Journal: “Simon & Schuster, whose recently published works include Walter Isaacson’s The Innovators and Colm Toibin’s Nora Webster, will set the consumer prices of its digital books, and Amazon will be able to discount titles in certain situations, according to one person familiar with the agreement. Simon & Schuster titles also will be well promoted on Amazon’s website, the person said.”
Many speculate that this development will put more pressure on Hachette to wrap up the ongoing dispute. Several writers have publicly spoken about the situation including Stephen Colbert, John Green, and Malcolm Gladwell. Earlier this week, economist Paul Krugman wrote a New York Times article criticizing Amazon’s business practices. How do you predict this will affect the conflict between Amazon and Hachette?