Amazon, Hachette Reach Deal on Sales Terms
This article was originally published on Publishers Weekly.
By Jim Milliot (IBPA Board Member) —
“After a long-running dispute that began this spring, Amazon and Hachette Book Group USA have reached a new, multi-year agreement for e-book and print sales in the U.S., the companies said in a joint release issued late Thursday morning. With the deal, “Amazon and Hachette will resume normal trading, and Hachette books will be prominently featured in promotions,” the announcement said. Since the dispute became public this spring, Amazon has not allowed pre-orders on HBG titles and has often delayed shipments on some of its new titles.
In the statement, HBG CEO Michael Pietsch said, “This is great news for writers. 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.”…
You can read the full article at Publishers Weekly.