Amazon and Hachette End Dispute
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The contract negotiation that spawned 1,000 think pieces ended today as Hachette and Amazon came to terms. Basically no details have been confirmed yet; however, The New York Times reports the contract is for several years and that Amazon has said: “it includes specific financial incentives for Hachette to deliver lower prices.” The price and revenue share of ebooks were thought to be the major sticking points.
The deal comes just a few weeks after Simon & Schuster reached a surprisingly quick agreement with Amazon. Many pundits wondered if the S&S template would provide a quick resolution to the long Hachette/Amazon feud. It looks like it did.
Hopefully everyone can get back to the important business at hand now: writing, publishing, and reading books.