Hachette Book Group and Amazon have established a new multi-year agreement. The two companies have been locked in a dispute since April 2014.
This contract will dictate the terms and conditions for eBook and print sales within the United States starting in early 2015. Henceforth, Hachette will oversee and manage the consumer pricing for its eBooks.
Hachette Book Group CEO Michael Pietsch had this statement in the press release: “This is great news for writers. The agreement will benefit Hachette authors for years to come. It gives Hachette enormous marketing capability with one of our most important bookselling partners.”