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Wednesday, 28 March 2012 - Amazon, B&N make concessions for Potter ebooks |
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      Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Issues 2012 Candidates 2012 Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Nader Mousavizadeh Lucy P. 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Credit: Reuters/Suzanne Plunkett By Alistair Barr Tue Mar 27, 2012 1:21pm EDT (Reuters) - Amazon.com Inc and Barnes & Noble Inc unveiled Harry Potter e-books on Tuesday in deals that suggest the companies made big concessions with author J.K. Rowling for electronic access to the hit series. Amazon said it struck a distribution deal with J.K. Rowling's new website pottermore.com. Amazon customers can search for the Harry Potter e-books in the company's Kindle Store, but will be directed to the Pottermore Shop to register and buy them, then add the titles to their Kindle library, the company said. Users of Amazon's Kindle e-readers and Kindle Fire tablet will be able to read the e-books through those devices and through applications on other devices. Barnes & Noble made a similar announcement, saying that customers of its Nook e-readers and tablets can buy Harry Potter e-books through the Pottermore Shop. Sending customers away from Amazon.com and Barnes & Noble's website is a big concession for the companies because J.K. Rowling's Pottermore site will be able to collect customer information and credit card details. This is valuable information that e-commerce companies usually carefully guard. "They are her customers now. She knows about them because they have registered with her site," said Mike Shatzkin, head of digital publishing consulting firm The Idea Logical Company. "It's a huge concession. Amazing." BEATLE POWER The popularity of Harry Potter means J.K. Rowling likely had more leverage than other authors with companies like Amazon, he added. "J.K. Rowling is the Beatles," Shatzkin said. "Amazon decided that having the Potter books to sell was more important than the control they usually insist on." This suggests that publishers may struggle to negotiate similar e-book deals for other authors with retailers, he added. Jim Friedland, an analyst at Cowen & Co, said Amazon likely accepted a smaller cut of the sale price of the Harry Potter e-books. The usual share is 30 percent, while Amazon likely accepted 20 percent or 10 percent, the analyst noted. Despite that, there is little extra cost for Amazon to sell Harry Potter e-books this way. The deal may also encourage more readers to buy Kindle devices, Friedland said. Foreign-language versions of the Harry Potter e-books will be available through Kindle Stores worldwide in coming weeks, Amazon added. The Potter e-books are compatible with other digital platforms including Sony's Reader and Google's Play, Pottermore said in a statement. "Not only is this phenomenally popular series available in eBook form for the first time, but across an extensive range of devices and platforms, thanks to unique collaborations with leading online retailers," Pottermore CEO Charlie Redmayne said (Reporting By Alistair Barr; Editing by Gerald E. McCormick, Phil Berlowitz) Entertainment Fashion Tech Lifestyle Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.   Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter   Facebook   LinkedIn   RSS   Podcast   Newsletters   Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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