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Hachette

Authors Guild Calls Amazon eBook Offer in Hachette Dispute “Highly Disingenuous”

authors_guildWhile Amazon’s latest offer in its ongoing dispute with the Hachette Book Group may look like they are trying to be more friendly towards authors, the Authors Guild isn’t buying it.

Essentially on Tuesday, Amazon told Hachette that they would restock their author’s books if the publishers promised to give the authors 100 percent of the revenues on eBooks sold until the dispute between the companies is resolved.

Richard Russo, novelist and co-Vice President of the Authors Guild, published an open letter to Amazon responding to the offer and calling the offer “highly disingenuous.” Read more

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Amazon Makes Author-Friendly Offer to Hachette

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Amazon has made a controversial new offer to Hachette in its ongoing battle with the publisher. The retailer says that it will restock Hachette’s books and pay writers all revenues from the digital sales of their books.

However, there is a catch for the publisher. The Washington Post has the scoop:

“If Hachette agrees, for as long as this dispute lasts, Hachette authors would get 100 percent of the sales price of every Hachette e-book we sell,” Amazon said in a letter sent to authors and literary agents. “Both Amazon and Hachette would forego all revenue and profit from the sale of every e-book until an agreement is reached.”

Hachette has not agreed to this offer. The author-friendly proposal comes after Amazon has faced a huge backlash from authors and readers, including the “I Didn’t Buy It on Amazon” campaign launched by Hachette author Stephen Colbert.

Hachette Reportedly in Talks to Buy Perseus

hachetteHachette Book Group is reportedly in talks to acquire the Perseus Books Group.

The New York Times has the scoop: “Under terms of the proposed deal, Hachette would keep the Perseus publishing business, said one person briefed on the negotiations. But it has signed a binding agreement to sell its client services division, which provides back-end services like marketing and distribution, to Ingram Content Group, a distributor.”

The deal would give Hachette a leg up in its battle with Amazon. For the last month, the publisher has been stuck in negotiations with the book retailer. Amazon has stopped stocking popular Hachette titles, delaying shipments for weeks. Hachette author Stephen Colbert has launched an anti-Amazon campaign in response.

Neil Gaiman Speaks Out on the Dispute Between Amazon & Hachette

Neil GaimanMany members of the literary community have been greatly concerned about the Amazon vs. Hachette dispute. Renowned writer Neil Gaiman sat for an interview with Salon and voiced his opinion on this hotly-debated subject.

Gaiman revealed that he has many reasons to feel anger towards Amazon, but he is also trying to keep in mind “that what you’re seeing right now, is huge, giant-level dealings between huge corporations both under non-disclosure, and every time I try to actually read enough stuff to figure out what’s going on here, what I run into is lots of ‘We can’t say anything, but he says,’ and ‘We can’t say anything, but she says.’”

Like The Fault in Our Stars author John Green, Gaiman loves bookstores and wishes “to see is more and more healthy, independent bookshops.” Where do you stand on this? What do you think the future holds for the relationship between publishers and Amazon?

John Green Speaks Out Against Amazon

John Green TFIOSMany members of the literary community have voiced their opinion about the Amazon vs. Hachette dispute.

According to The Associated Press, John Green spoke out against the online retail giant during a promotional event for The Fault in Our Stars movie. He feels that “what’s ultimately at stake is whether Amazon is going to be able to freely and permanently bully publishers into eventual nonexistence.”

Read more

Hachette Responds to Amazon’s Comments

Hachette-Book-Group-LARGE11-300x89 (1)Hachette has responded to Amazon’s comments in a Kindle Forum, in which the retailer revealed the reasons for its dispute with the publisher.

Hachette is pleased that Amazon admitted their actions have affected the lives of authors. Here is more from Hachette’s statement on the issue:

Authors, with whom we at Hachette have been partners for nearly two centuries, engage in a complex and difficult mission to communicate with readers.  In addition to royalties, they are concerned with audience, career, culture, education, art, entertainment, and connection.  By preventing its customers from connecting with these authors’ books, Amazon indicates that it considers books to be like any other consumer good.  They are not.

We will spare no effort to resume normal business relations with Amazon—which has been a great partner for years—but under terms that value appropriately for the years ahead the author’s unique role in creating books, and the publisher’s role in editing, marketing, and distributing them, at the same time that it recognizes Amazon’s importance as a retailer and innovator.

Amazon Breaks Silence on Hachette Dispute

amazon304Amazon has finally come out and commented on its ongoing dispute with Hachette on a Kindle forum page.

In the post, the retailer admits that they are buying less print inventory of Hachette titles and are no longer taking preorders on Hachette books that are not out yet because of changes related to their contract and terms with the publisher. The retailer said that it would order Hachette titles based on consumer orders rather than warehousing these titles. Here is more from the post: Read more

J.K. Rowling’s New Book is Unavailable on Amazon

thesilkwormIf you want to preorder a copy of Robert Galbraith aka J.K. Rowling‘s new novel The Silkworm (Cormoran Strike Series #2), you can’t do so on Amazon. The book, which comes out on June 19th, is currently listed as unavailable on Amazon. Barnes & Noble, among other book retailers, has the book available for presale.

Earlier this month, Amazon was slow to ship Hachette titles. Now things are escalating.

“We are doing everything in our power to find a solution to this difficult situation, one that best serves our authors and their work, and that preserves our ability to survive and thrive as a strong and author-centric publishing company,” explained Hachette in a statement.

Hachette Livre Sales Down 5.3% in Q1

hachetteHachette Livre reported approximately $539M in revenues during Q1 2014, down 5.3 percent from the first quarter in 2013. The publishing company attributed the drop to excessive sales from the Fifty Shades trilogy in France during the first quarter of 2013, and revealed that sales were in Q1 2014 were stable with Q1 2012.

Despite coming in slightly under budget, Hachette Book Group reported that it “had a solid first quarter, with revenues slightly below budget but gross profit ahead of budget.” During the quarter the publisher had 70 titles on The New York Times bestseller list in print and 28 titles on The New York Times eBook list.

Ebook sales during Q1 2014 represented 13.4 percent of sales for Hachette Livre, up from 12.4 percent in Q1 2013. In the US, eBooks represent 34 percent of Hachette’s net trade sales, the same as last year. In the UK, eBook sales made up 40 percent of net Adult trade sales for the publisher, up from 31 percent in Q1 2013.

Hachette Claims Amazon Is Delaying Shipments on Orders

amazon304Hachette has claimed that Amazon is slowing delivery on some of its bestselling titles as part of a negotiation tactic, as the two work out the latest terms of their partnership.

Everybody’s Got Something by Robin Roberts; American Again: Re-becoming the Greatness We Never Weren’t by Stephen Colbert; The Closer by Mariano Rivera and Wayne Coffey are among bestselling print titles that estimate 2-5 week ship dates on Amazon. The same titles ship from Barnes and Noble within 24 hours.

The New York Times broke the story last week. Here is more from the story:

“We have been asked legitimate questions about why many of our books are at present marked out of stock with relatively long estimated shipping times on the Amazon website, in contrast to immediate availability on other websites and in stores,” said Sophie Cottrell, a Hachette spokeswoman. “We are satisfying all Amazon’s orders promptly.”

But, she added, “Amazon is holding minimal stock” and restocking some of Hachette’s books “slowly, causing ‘available 2-4 weeks’ messages.”

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