Hachette Book Group and Amazon have settled their dispute over terms and are returning to “normal trading” immediately and Hachette titles “will be prominently featured in promotions,” the two companies jointly announced yesterday.
The multi-year agreement for e-book and print sales in the U.S. takes effect early next year and leaves the agency model for e-book pricing intact. The companies said that “Hachette will have responsibility for setting consumer prices of its e-books, and will also benefit from better terms when it delivers lower prices for readers.” They also said that Hachette titles “will be prominently featured in promotions.” The phrasing resembles that of the recent agreement over terms between Amazon and Simon & Schuster.
Via AoSHQ: unlike OregonMuse, I do wonder who won. First take is that nobody’s entirely happy. But I figure that I’ll find out eventually. Not like I own stock in either company (I am an Amazon Associate