Starting next year, students at UMass Amherst will get their text books not from a campus bookstore but from Amazon.com. The news was reported Tuesday in The Boston Globe.
Under a 5-year agreement, [company]Amazon[/company] will get a 2.5 percent cut on e-books or their physical counterparts — available with one-day delivery — sold via a dedicated storefront. Amazon told the Globe that students will save up to $380 a year. Amazon will pay the school a minimum of $375,000, $465,000, and $610,000 in the first three years, respectively.
Amazon offers a similar program at Purdue and University of California, Davis.
This story was updaed at 3:59 p.m. PST to reflect that UMass, not Amazon, gets a 2.5 percent commission on books sold.