Deal Struck, Amazon Lets Hachette Set Its Own E-Book Prices

Amazon and Hachette Book Group have resolved their dispute over ebook prices and physical book sales with a multiyear agreement in the U.S., ending a standoff that cut off availability of some of the publisher's books by the online retailer and stirred up ugly PR for Amazon.The deal will take effect early next year. Hachette will have the ability to set consumer prices of its own ebooks, but benefit from "better terms" when it delivers lower prices for readers, the companies said in a statement today. Seattle-based Amazon will also prominently feature Hachette books in promotions.The world's largest online retailer blocked pre-orders for some of Hachette's books earlier this year, including "The Silkworm," a new novel by J.K. Rowling, writing under the pseudonym Robert Galbraith. Amazon has also appealed directly to authors, offering them all of the proceeds from the sale of any digital book in a letter in July. Continue reading at AdAge.com Continue reading at 'Advertising Age'

[ Advertising Age | 2014-11-13 00:00:00 UTC ]
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