ALJAZEERA: Amazon and Hachette Book Group announced a multiyear agreement Thursday, ending one of the publishing world’s nastiest, most high-profile conflicts. With e-book revenues reportedly the key issue, Amazon had removed pre-order tags for Hachette books, reduced discounts and slowed deliveries, hurdles that should be gone well before the crucial holiday shopping season.
“This is great news for writers,” Hachette CEO Michael Pietsch said in a statement. “The new agreement will benefit Hachette authors for years to come. It gives Hachette enormous marketing capability with one of our most important bookselling partners.”
David Naggar, an Amazon vice president, said the company was pleased that the agreement “includes specific financial incentives for Hachette to deliver lower prices, which we believe will be a great win for readers and authors alike.” … (more)
