E-book price war the latest progress

Tencent Technology News July 9, the traditional book publisher Hachette Book Group and e-book giant Amazon e-book pricing war has made the latest progress. According to sources familiar with the talks, Amazon proposed that Hachette's authors retain the entire sales revenue from selling their e-books through the Amazon website as the two sides signed a new round of e-book sales agreements.

Amazon made the above proposal in a handful of writers and agents. If Hachette agrees, Amazon will restore "the existing Hachette paper stock inventory to normal levels and restore all current Hachette books in sale to normal prices, as well as a readjustment of the new books pre-sold for sale."

Amazon hopes to get a higher revenue share of e-book sales, but the company's negotiations with Hachette have evolved into a chaotic open battle. Amazon's proposal shows that the company is trying to re-win the Hachette author's support. The authors said earlier that they have become indirect victims of this e-book price war.

Earlier this month, Hachette bestseller Douglas Preston wrote a letter accusing Amazon of continuing negotiations between the two parties. Many famous writers, including James Patterson and David Morrell, also signed the letter.

In a statement, Hachette Book Group said the company did not receive Amazon's proposal directly and was unable to comment on its details. But Hachette said the company will not accept Amazon's proposal.

Hachette said in a statement: "Obviously, Amazon's move is to make us completely abandon the sale of books on their Web site's revenue, which is undoubtedly a suicidal behavior. To make reasonable demands is the proper way to solve the problem, stupid PR tactics will not help solve the problem.We sincerely hope that with Amazon to resolve the existing disputes as soon as possible. "(Jing Falcon)