Amazon and Hachette announced Thursday morning that they have resolved their differences and signed a new multiyear contract, bringing to an official end one of the most bitter publishing
conflicts in recent years. |
Neither side gave details of the deal, but both pronounced themselves happy with the terms. Hachette gets the ability to set the prices on its e-books, which was a major battleground
in the dispute. |
“This is great news for writers,” said Michael Pietsch, Hachette’s chief executive. “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.” |
An Amazon executive, David Naggar, said Amazon was “pleased with this new agreement as it includes specific financial incentives for Hachette to deliver lower prices, which we believe
will be a great win for readers and authors alike.” |
The agreement broadly follows a deal Amazon recently worked out with Simon & Schuster. |
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http://www.nytimes.com/2014/11/14/technology/amazon-hachette-ebook-dispute.html?emc=edit_na_20141113 |