Macmillan to set prices for Kindle books

According to an article from The New York Times, last week Amazon removed direct access to all Macmillan Kindle and print books while the companies were sorting out a dispute over pricing for the Kindle titles. The companies have reached an agreement and under the new terms, Macmillan will set the price for the e-books and receive 70 percent commission on its titles. Up until now, Amazon has controlled all e-book pricing. Amazon placed this announcement on their website noting that they do not agree with the new pricing and “don't believe that all of the major publishers will take the same route as Macmillan.” The announcement goes on to say that there is an opportunity for independent presses and self-published authors to “provide attractively priced e-books as an alternative.”