According to Russel Grandinetti, vice president for Kindle content at Amazon, publishers involved with the e-book anti-trust federal case told the Seattle-based retailer that unless Amazon agreed to their terms, it would have been barred from releasing e-books on the same day as print on Kindle, the wildly popular e-reader device that Amazon sells.
Grandinetti testified today that this ultimatum to switch to an agency model of publishing, in which the publishers set book pricing, came after the publishing houses made deals with Apple for their then new iBooks e-book service on the iPad.
