Amazon cedes to Macmillan with Apple looming

Amazon in an unusual weekend update revealed that it has accepted Macmillian's pricing terms for e-books on the Kindle store. The online retailer said it would involuntarily agree to Macmillan's price increase requests and accept the publisher's agency model, which will raise the prices of popular titles from Amazon's previously insisted-upon $10 to a typical $13 or $15. Amazon in its defense argued that it was strongarmed by its dependence on publishers and made the unusual claim that Macmillan had a "monopoly" on its own books, letting it dictate the terms of how...

Source : http://www.electronista.com/articles/10/01/31/amaz...