Amazon is Trying to Woo Hachette’s Authors With 100 Percent of Ebook Revenues

Amazon

For months, authors have complained about being caught in the middle of a very public spat between Amazon, the world’s largest bookseller, and publisher Hachette. Amazon has aggressively worked to secure better contract terms with the publisher, and in the process has turned to controversial “negotiation tactics” like halting pre-orders for upcoming Hachette books, cutting down on physical inventory, and hitting customers with abnormally long shipping delays. But now the company is offering to reverse those decisions, which authors have roundly criticized as unfair and a glaring example of Amazon abusing its dominant market position. Now, Amazon says it’s willing to give authors something more: a bigger cut of ebook sales. The online retailer has offered to provide Hachette authors with 100 percent of ebook revenues as negotiations between the two sides continue.

Read the full story at The Verge.

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