Boston, MA 05/29/2014 (wallstreetpr) – The disagreement between online retail giant Amazon.com, Inc. (NASDAQ:AMZN) and Hachette Book Group does not seem to end anytime soon as the quarrel enters another week.
Delayed Shipments
As per a report published by the New York Times, Amazon.com, Inc. (NASDAQ:AMZN) has held up shipments of Hachette books over some weeks. The online retailer has been seeking a higher cut on sales from the book group which has lead to a disagreement between the two parties. Amazon has caused not only delayed shipments of the books, but also has barred customers from pre- ordering new Hachette titles. The publisher still is not keen on offering higher margin for its products.
The dispute has been gaining momentum over last few weeks, and the two do not seem to be settling terms any time soon. On Wednesday, Hachette claimed that Amazon has been selling the publishers books just like other consumer goods, which the books are not, it insisted. It is displeased by Amazon’s business practices.
Dissatisfied Authors
Amazon.com, Inc. (NASDAQ:AMZN) has earned a contempt from other publishers also because of its action against Hachette. Authors too, who write under Hachette’s contracts, have also complained against the retailer, alleging a decline in sales of their books. Authors have also been experiencing a fall in royalties due to the present dispute.
Amazon, however, replied back to authors through its website, promising to make up for any losses in royalties to them. In the website forum, the message conveyed that Amazon takes serious actions to support authors in such cases. As a solution, it offered to fund the missed royalties of authors jointly with Hachette. The retailer acknowledged the dispute and its consequences saying that the fight will nevertheless take time to resolve.
Hachette, which blames Amazon.com, Inc. (NASDAQ:AMZN) entirely for the dispute, said that it would certainly consider a means to pay back authors their missed royalties, but only after the two have reached a settlement.
