Hachette Book Group and Amazon jointly announced today that "the companies have reached a new, multi-year agreement for ebook and print sales in the US." Hachette 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."
New ebook sales terms will take effect in 2015 and Hachette "will have responsibility for setting consumer prices of its ebooks, and will also benefit from better terms when it delivers lower prices for readers."
This ends the increasingly bitter dispute that started in March 2014 when the operating agreement between the two companies expired.
New ebook sales terms will take effect in 2015 and Hachette "will have responsibility for setting consumer prices of its ebooks, and will also benefit from better terms when it delivers lower prices for readers."
This ends the increasingly bitter dispute that started in March 2014 when the operating agreement between the two companies expired.