Quote:
Originally Posted by NightBird
Macmillan CEO John Sargent on the agency model, availability and price
New John Sargent blog post on e-book pricing
In a nutshell, in the US this includes the 6 major publishers: Random House, Macmillan, Hachette, HarperCollins, Penguin and Simon & Schuster. The publishers set the price at all stores and no coupons, rebates, sales or discounts are allowed on their books. In most cases prices were raised. This started on April 1, 2010 (very appropriate timing), except for Random House, who held back until March of this year. Gradually spreading now to other countries as well. Retailers are still allowed to discount paper books, so many times the paper book will be less than the ebook for the same title.
Well explained by Macmillan CEO in his blogs:
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Yea he forgot to mention thanks to the deal we made with Apple.