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Hachette, Amazon Establish New Multi-Year Contract (GalleyCat)
Hachette Book Group and Amazon have established a new multi-year agreement. The two companies have been locked in a dispute since April. THR The companies have reached a new agreement covering eBook and print sales in the U.S. The two were reportedly in a standoff over eBook revenues, with the online retailer reportedly delaying shipments, reducing discounts and preventing people from preordering Hachette titles. Mashable The dispute began when Amazon stopped taking preorders for Hachette titles. Since that time, the two have dialed up the rhetoric, with Hachette authors Malcolm Gladwell and James Patterson criticizing Amazon, while the online retailer charged that Hachette was “stonewalling” about making a deal. WSJ Neither side claimed victory and it may be that both Hachette and Amazon made concessions in the end. Under the new eBook agreement, which will take effect in early 2015, Hachette will set the prices of its consumer titles. The companies said Hachette will get better terms when it “delivers lower prices for readers.” Amazon said on Thursday it has resumed treating Hachette titles as it did before the dispute. NYT The conflict, which played out in increasingly contentious forums as the year progressed, left wounds too deep for true celebration Thursday. Amazon has been cast as a bully in publications across the ideological spectrum, and a large group of authors is calling for it to be investigated on antitrust grounds. Its sales were hit by the dispute, analysts said. Amazon’s supporters publicly questioned the need for Hachette, the fourth largest publisher, to exist in an era when anyone can publish themselves digitally, an accusation Hachette was reluctant to respond to. And even if Amazon got less in the deal than it originally wanted, it still controls nearly half the book trade, an unprecedented level for one retailer. And the dispute showed it is not afraid to use its power to discourage sales.