HarperCollins and Amazon Ink A Deal
Amazon, HarperCollins reach multi-year publishing deal
The fight is over for now and E-commerce company Amazon.com Inc and publisher HarperCollins have reached a new multi-year publishing deal that covers both print and digital titles, The Wall Street Journal reported. This heals the deeply divisive split that pitted numerous authors from major publishing houses including bestselling writers in opposition with some of the hottest names in self-publishing.
This unprecedented public feud came over new terms for the sale of books and Amazon’s discount pricing. Subsequent negotiations became public knowledge after Amazon began raising estimated delivery times for thousands of its titles. The financial terms of the deal were not disclosed but call for HarperCollins to set the retail prices of its digital books, with incentives for HarperCollins to provide lower prices to consumers. With this agreement, Amazon has struck accords with four of the so-called “big five” book publishers: Hachette, Simon & Schuster, Macmillan, and HarperCollins. The fifth publisher, Penguin Random House, won’t comment on its status with Amazon. For African American authors, book deals have become increasingly elusive, so the self pub option is becoming not only an option but a necessity. And although Amazon doesn’t provide the support and staff of a publishing house, they do provide a platform.