Amazon Signs Bestselling Author To Game-Changing Kindle eBook Deal

jeff bezos kindle amazon

Amazon has grabbed the exclusive e-book rights to sell the “The 7 Habits of Highly Effective People” and “Principle-Centered Leadership,” by Stephen Covey, it announced today. 

This a big deal for Amazon. It freezes out Barnes & Noble from getting the popular titles on the Nook. It also takes away control from Covey’s traditional publisher, Simon & Schuster.

The books are being sold through RosettaBooks.

Covey will receive more than half of the net proceeds from e-book sales, the NYT reports. A typical cut is just a quarter of the proceeds.

If Amazon can offer up attractive rates like this to more authors, it can secure more exclusive books, gaining leverage over the publishers and ebook rivals.

See Also: Kindle Fantasies Are Running Wild — But, For Now, Amazon Is Losing Its Shirt

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