The publishing world has come full circle.
After a week of speculation, the Macmillan and Amazon (AMZN) standoff has ended the way it began–with a New York Times article on a Friday evening after this GalleyCat editor had went home for the night. It appears that the online bookseller has restored the direct purchase buttons to books by the publisher. (UPDATED on Feb 6 at 11:23 a.m.)
Here’s an excerpt: “Details of the resolution have not been made public, but the restoration of Macmillan books to Amazon’s site indicates a peaceful settlement was reached. ‘I am delighted to be back in business with Amazon,’ John Sargent, chief executive of Macmillan, said in an e-mail message.”
Last week Amazon removed the direct sale buttons for the publisher’s books, writing: “We want you to know that ultimately, however, we will have to capitulate and accept Macmillan’s terms because Macmillan has a monopoly over their own titles, and we will want to offer them to you even at prices we believe are needlessly high for e-books.” More than 2,000 comments have been posted alongside that controversial letter.
You can double check your favorite Macmillan book at Amazon, but we’ve noticed that all four of the books we featured earlier this afternoon at GalleyCat Reviews have been restored. In addition, the Authors Guild has created a site to continuously monitor the status of buy buttons for many different Amazon books–Who Moved My Buy Button?