Amazon Accepts Macmillan’s Demand for Higher E-Book Prices - NYTimes.com

Amazon Accepts Macmillan’s Demand for Higher E-Book Prices - NYTimes.com: "After a weekend of brinksmanship, Amazon.com on Sunday surrendered to a publisher and agreed to raise prices on some electronic books.

Amazon shocked the publishing world late last week by removing direct access to the Kindle editions as well as printed books from Macmillan, one of the country’s six largest publishers, which had said it planned to begin setting higher consumer prices for e-books. Until now, Amazon has set e-book prices itself, with $9.99 as the default for new releases and best sellers.

But in a statement Sunday afternoon, Amazon said it would accept Macmillan’s decision."