Amazon and Hachette reach a deal to settle nasty dispute

Amazon and Hachette Book Group have finally reached a a multi-year agreement, effectively resolving their months-long standoff.

Amazon had been fighting with the Hachette, asking for a bigger portion of e-book revenue, while keeping Hachette's e-book prices at $9.99. The dispute led to Amazon delaying orders of Hachette books.

Hachette's CEO, Michael Pietsch, apparently told the publisher's authors that the deal will allow Hachette to maintain control of pricing. Pietsch said the agreement is "in the long-term interest" of both authors and the publisher.

The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up

Latest Videos From

Watch full video here: