Amazon Pulls Out of Wylie Deal

FOXBusiness

Literary agent Andrew Wylie has backed out of a deal that would’ve given Amazon.com (NASDAQ:AMZN) exclusive rights to countless literary works, a month after the deal was announced.

The deal fell through after Wylie failed to agree to terms for electronic publishing of authors’ existing titles, and many feel it is a key element in the e-book war between Amazon, Barnes and Noble and Apple.

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Random House, which published 13 out of the 20 titles Amazon was looking to acquire, disputed the digital rights to the titles Amazon was seeking to publish.

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