Amazon responds to Hachette furor

By posted at 9:30 am on May 28, 2014 0

Amazon, whose tense negotiations with Hachette in the past months have led them to slow ship-times for its books, offered last night “to fund 50% of an author pool—to be allocated by Hachette—to mitigate the impact of this dispute on author royalties, if Hachette funds the other 50%.” Of course, Hachette may find calculating and allocating damages awkward so soon after authors flexed their social-media muscle. Sidebar: Amazon claimed “989 of 1000” items sold would be unaffected by this continuing “business interruption,” which might mean a full 1.1 percent of their business comes from just one mid-sized traditional publisher—heartening news from an unlikely source.

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