Another major publisher has reached a multiyear deal with Amazon.com.
Amazon and Macmillan CEO John Sargent confirmed this week that they had agreed to terms for both print and electronic books. The deal will allow Macmillan to set prices for e-books, an arrangement known as the "agency model," and appears similar to agreements Amazon reached in the past two months with Hachette Book Group and Simon & Schuster. Authors at Macmillan range from Jonathan Franzen and Hilary Mantel to Oprah Winfrey and Bill O'Reilly.
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Both Macmillan and Hachette have had public feuds with Amazon over terms for e-books. In 2010, Amazon briefly removed "Buy' buttons for all Macmillan releases. For months in 2014, the retailer restricted availability and reduced discounts for numerous Hachette books.