• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Ed Sheeran asked Patriots owner Robert Kraft for $2 million aid donation after Macklemore was dropped from his tour for pro-Palestine comments

2

Meet Warren Buffett's son Howard, a former sheriff, war photographer, and now, Berkshire's new chairman

3

Sydney Sweeney doesn’t just star in controversial ads. She helps engineer them

1

Ed Sheeran asked Patriots owner Robert Kraft for $2 million aid donation after Macklemore was dropped from his tour for pro-Palestine comments

2

Meet Warren Buffett's son Howard, a former sheriff, war photographer, and now, Berkshire's new chairman

3

Sydney Sweeney doesn’t just star in controversial ads. She helps engineer them
RetailAmazon

Amazon buries the Hachette, signs new pact with book publisher

By
Tom Huddleston Jr.
Tom Huddleston Jr.
Down Arrow Button Icon
By
Tom Huddleston Jr.
Tom Huddleston Jr.
Down Arrow Button Icon
November 13, 2014, 12:31 PM ET
Photo courtsey: Andrew Harrer -- Bloomberg/Getty Images
Google source logo
Add Fortune on Google for similar content.

Amazon and Hachette Book Group have put hostilities aside, ending their long-running and very public contract dispute over e-book pricing by signing a new multiyear agreement.

The online retail giant and the book publisher, which have been at odds since May, announced Thursday that they have finally reached a compromise after months of contentious negotiations, the New York Times reported. The dispute saw Amazon delay shipments of Hachette titles and remove discounts previously offered on the publisher’s products. The companies did not release terms of the new deal, the newspaper said. The pact covers sales of e-books and print products.

The reported deal, which goes into effect early next year, will allow Hachette to set prices for its e-books. David Naggar, vice president for Amazon’s Kindle division, said in a statement that the agreement “includes specific financial incentives for Hachette to deliver lower prices.”


“This is great news for writers,” Hachette CEO Michael Pietsch said in a statement. “The new agreement will benefit Hachette authors for years to come. It gives Hachette enormous marketing capability with one of our most important bookselling partners.”

Amazon (AMZN) earned itself something of a public relations black eye as a result of the strong-arm negotiating tactics, causing a backlash among authors, many of whom backed a boycott of the online retailer that was led by television host Stephen Colbert. Amazon was looking for a larger share of e-book revenues, but was met with resistance from Hachette.

Authors under contract with Hachette publicly complained about a drop in their book sales, causing them to worry about a loss of royalties. In July, Amazon tried to make peace with Hachette authors by offering them 100% of digital book sales for as long as talks with Hachette dragged out — a proposal that Hachette had already turned down in negotiations.

About the Author
By Tom Huddleston Jr.
See full bioRight Arrow Button Icon

Latest in Retail


Most Popular

Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

    Latest in Retail


    Most Popular

    © 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
    FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.