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Comics A.M. | Amazon breaks silence in Hachette dispute

Amazon

Amazon

Retailing | Finally breaking its silence regarding the feud with Hachette over sales terms, Amazon acknowledged it’s buying less print inventory and “safety stock” from the publisher and is no longer taking pre-orders for its titles. And while Amazon conceded that “Hachette has operated in good faith and we admire the company and its executives,” the retail giant said “we are not optimistic that this will be resolved soon.” The company also recognized the affect the dispute may have on authors, revealing it offered to fund 50 percent of an author pool to help mitigate the impact. Hachette responded, saying it was glad Amazon has admitted its actions have an effect on authors: “We will spare no effort to resume normal business relations with Amazon—which has been a great partner for years — but under terms that value appropriately for the years ahead the author’s unique role in creating books, and the publisher’s role in editing, marketing, and distributing them, at the same time that it recognizes Amazon’s importance as a retailer and innovator.” [Publishers Weekly, GalleyCat]

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