Hachette, Amazon reach deal on book sales after fight

Publisher Hachette and online retailing giant Amazon said Thursday they had reached a deal to end their acrimonious feud over online book sales.

After six months in which Amazon clamped down on sales of books by the publisher on its website, the two announced a multi-year agreement on ebook and print book sales in the US market.

The deal gives Hachette Book Group, a subsidiary of France's Lagardere group, the responsibility for setting retail prices for ebooks beginning in early 2015, according to an announcement from both companies.

Hachette-Amazon-reach-deal-on-book-sales-after-fight

No specific terms for the deal were released, but the statement said Hachette would have incentives to keep its prices low.

"This is great news for writers," said Michael Pietsch, chief executive of Hachette Book Group.

"It gives Hachette enormous marketing capability with one of our most important bookselling partners."

David Naggar, vice president for Kindle, the ebook unit of Amazon, said the incentives for Hachette to hold prices down "will be a great win for readers and authors alike."

Share this:
Tags:

About Jessica Priston

Ut tellus dolor, dapibus eget, elementum vel, cursus eleifend, elit. Aenean auctor wisi et urna. Aliquam erat volutpat. Duis ac turpis. Integer rutrum ante eu lacus. Vestibulum libero nisl, porta vel, scelerisque eget, malesuada at, neque. Vivamus eget nibh. Etiam cursus leo vel metus. Nulla facilisi. Aenean nec eros.

  • Website
  • Google+
  • Rss
  • Pinterest
  • Instagram
  • LinkedIn
  • Vimeo
  • Youtube
  • Flickr
  • Email

Related News

  • Cashback site Cashkaro now offers restaurant discounts

    India’s e-commerce market looks large and lucrative enough from the outside, but insiders know it is very challenging. In fact, the number of e-commerce sites and businesses is growing so fast here today that the competition is cut-throat. This

  • What is Viscose Material? Advantage and disadvantage of viscose.

    Viscose is a unique form of wood cellulose acetate used in the nnmanufacture of a number of different products. This includes items for nnthe medical industry, though it is perhaps most common as a major nningredient in the production of the fabric r

  • Honda launches new CBR 250R bike
    Honda launches new CBR 250R bike
    July 01, 2014 5:50 am

    New Delhi: Honda Motorcycle & Scooter India (HMSI) launched a new edition of its global sports performance bike CBR 250R priced between Rs 1.56 lakh and Rs 1.86 lakh (ex-showroom Delhi). The 2013 edition CBR 250R is available for sale across a

  • Zara has opened store at Ambience mall, Gurgaon

    Zara, has opened its new store at Ambience mall, Gurgaon. Spread over 28,000 sq.ft. across two floors the store has taken the space earlier occupied by Debenhams. With this Zara now has twelve stores in India. It is present in 86 countries with