Saturday, April 2, 2011

Interesting move by Amazon...

I came across this article that mentions that during the bidding war for Amazda's new series Amazon was in there fighting with other big publishers.
Executives at several houses said they knew of no other instance in which the company had competed with major publishers for a high profile commercial author.
The article also mentioned that they made a deal with Houghton Mifflin Harcourt to provide the print version of her books to "sweeten" their offering. And also this little tidbit...
St. Martin's Press ended up winning the auction, paying $2 million for the series of four novels, but Amazon actually made the highest offer of the six bidders, according to insiders. Amazon had insisted on exclusivity for the e-book edition, said a high level publishing executive familiar with the deal. That made the offer less attractive to the author and her literary agent.
I find this fascinating...

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