[CASL-L] Breaking News: Amazon and Hachette Resolve Bitter Publishing Dispute

[BARLOW CHRIS]

FYI.
I thought this would be of interest in the ongoing discussion of e-books and their pricing vs. physical copies of books.

Chris Barlow
Library Media Specialist
Wooster Middle School
barlowc at stratfordk12.org<mailto:barlowc at stratfordk12.org>
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(203) 385-4275

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Sent: Thursday, November 13, 2014 11:44 AM
Subject: Breaking News: Amazon and Hachette Resolve Bitter Publishing Dispute

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BREAKING NEWS   Thursday, November 13, 2014 11:39 AM EST

Amazon and Hachette Resolve Bitter Publishing Dispute<http://p.nytimes.com/email/re?location=4z5Q7LhI+KVBjmEgFdYACPLKh239P3pgS2F2gJpxLCAc1dSVHnWyzfclAO7xkRdwL6HBh0UnvRkRz9qm60qv4WtNDzMnEKXMCb+6Jxu0QgVGVypokOY2BlHpTVhHSiFr3KnaFK4opWs=&campaign_id=132&instance_id=49213&segment_id=65293&user_id=012e13942af5c0ffc9121012155220ab&regi_id=68561334>
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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