Check out the on-demand sessions from the Low-Code/No-Code Summit to learn how to successfully innovate and achieve efficiency by upskilling and scaling citizen developers. Watch now.
Amazon and Hachette failed to negotiate a new contract with better terms for Amazon back in April. As a result, Amazon has stopped accepting preorders for Hachette books, removed those books from its recommendations, and more. And in a statement posted to its customer forums yesterday, Amazon said it doesn’t expect a resolution with Hachette any time soon and lamented the effect the dispute is having on authors.
Now, Hachette is claiming these actions have affected more than 5,000 of its books, the publisher told Publishers Lunch.
“By preventing its customers from connecting with these authors’ books, Amazon indicates that it considers books to be like any other consumer good. They are not,” Hachette stated.
Hachette also responded to Amazon’s offer of setting aside a fund to compensate authors on royalties to help mitigate some of their financial woes as a result of the dispute, saying, “Once we have reached … an agreement, we will be happy to discuss with Amazon its ideas about compensating authors for the damage its demand for improved terms may have done them and to pass along any payments it considers appropriate.”
At least both sides are acknowledging the negative effects this situation is having on creators, which (as the music industry has taught us) rarely happens.
VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Discover our Briefings.