Amazon and Hachette bury the hatchet – for now

Amazon [AMZN] and Hachette bury the hatchet – for now

Delivered Amazon package. Image and logo via Amazon's Facebook page.
Delivered Amazon package. Image and logo via Amazon's Facebook page.

WASHINGTON, November 13, 2014 – According to several reliable sources, (AMZN) and the Hachette Book Group buried the hatchet today, striking a new pricing agreement and ending their longstanding impasse over the sales and pricing of both print and ebooks via the online retail giant’s website in the U.S.

Under the ebook portion of the agreement, Hachette and Amazon will immediately resume normal commerce. The new ebook terms will then take effect some time after the turn of 2015.

Hachette will regain control over its ability to set ebook prices for consumers that may ultimately result in better pricing for readers, given a new financial incentive for the publisher to get better terms if it can create lower pricing structures for its e-properties.

Details on exact pricing terms and on the length of the new agreement are not currently available.

Based in New York City, the Hachette Book Group (HBG) is a division of Hachette Livre, one of the world’s top-three publishing giants. Its most recognizable U.S. divisions are Little, Brown and Company, Little Brown Books for Young Readers, Grand Central Publishing, Orbit, Hachette Books, Hachette Nashville and Hachette Audio.

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Terry Ponick
Biographical Note: Dateline Award-winning music and theater critic for The Connection Newspapers and the Reston-Fairfax Times, Terry was the music critic for the Washington Times print edition (1994-2010) and online Communities (2010-2014). Since 2014, he has been the Business and Entertainment Editor for Communities Digital News (CDN). A former stockbroker and a writer and editor with many interests, he served as editor under contract from the White House Office of Science and Technology Policy (OSTP) and continues to write on science and business topics. He is a graduate of Georgetown University (BA, MA) and the University of South Carolina where he was awarded a Ph.D. in English and American Literature and co-founded one of the earliest Writing Labs in the country. Twitter: @terryp17