Amazon, Hachette Reach Deal on Sales Terms http://t.co/7LAkvNmd4t
— Publishers Weekly (@PublishersWkly) November 13, 2014
After a long-running dispute that began this spring, Amazon and Hachette Book Group USA have reached a new, multi-year agreement for e-book and print sales in the U.S., the companies said in a joint release issued late Thursday morning. With the deal, “Amazon and Hachette will resume normal trading, and Hachette books will be prominently featured in promotions,” the announcement said.
You can read more about this story at CNN, ABC News, & The NY Times. But don’t. Rather, read what #SelfPub Authors are saying at the Kboards message boards. Make sure to read Hugh Howey’s write-up on this news:
Finally. Hachette has put an end to their nightmare of a standoff and has agreed to terms with Amazon. This is great news for book buyers and Hachette authors and the industry in general. It comes right on the heels of Simon & Schuster signing a multi-year deal with Amazon for both print and ebooks, and the wording of that announcement was practically identical to the wording of the Hachette announcement today. What does that tell us?
Don’t forget to follow David Gaughran on Twitter as well to keep an eye out for his thoughts on this news!