Amazon and Hachette Shake Hands on Distribution Deal; Hachette Authors No Longer in Limbo
It’s over.
This morning, after a nasty and very public corporate stalemate, Amazon and Hachette jointly announced they have come to terms. Their new multiyear contract will allow Hachette to set its own e-book prices, but that arrangement will be tempered by “financial incentives” for Hachette to keep those prices low, according to the companies’ joint statement.
The dispute became big news in the book world this May, when it became known that Amazon was purposefully chilling Hachette authors’ book sales as a way to pressure Hachette to adopt the retailer’s preferred terms. The most immediate beneficiaries of the détente are Hachette authors, whose books will once again receive standard treatment from Amazon, their visibility and shipping time restored. In a letter to Hachette authors and agents, CEO Michael Pietsch promised that “Hachette titles will be restored as soon as possible to normal availability on Amazon, will be available for pre-order, and will be included in promotions on the site.”
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