Online books retailer Amazon.com, Inc., US, and books distributor Independent Publisher's Guild (IPG) have reportedly announced an agreement. The terms of the deal were not disclosed. The move comes three months after Amazon pulled e-book titles off its site from clients of IPG over a dispute on terms.
Amazon’s actions in February came after negotiations between the online retailer and IPG over Amazon’s request for better terms and higher co-op broke down. Since late in 2011 Amazon has been meeting with publishers and distributors looking for, among other things, co-op on e-books.
IPG representatives had observed in February that if the distributor agreed to Amazon’s terms, its clients would not be able to make money selling Kindle titles.
Amazon believes that the investments it has made in the e-book market and the fact its terms have been in place for a significant amount of time warrant a better deal.
To give a boost to its publishers, IPG will not take a distribution fee on Kindle sales on titles sold from June 1 through August 31, 2012.
