HarperCollins at War with Amazon
With Amazon’s contract with HarperCollins on the eve of expiration, the retail giant and the publishing company are finding it difficult to see eye to eye—so much so, in fact, that HarperCollins is refusing to sign an agreement with the new terms Amazon has drafted, reports Business Insider.
If you’re getting an intense sense of déjà vu right now, I’m not surprised. Last year Amazon and Hachette went through a very similar—and public—dispute when the latter agency’s contract expired. After much arguing, the two parties finally came to an agreement that gave Hachette a good amount of control over pricing, and Amazon increased co-op funds. Both Simon & Schuster and Macmillan signed similar contracts.
The contract offered to HarperCollins is supposedly the same version signed by Simon & Schuster, Hachette, and Macmillan, but HarperCollins is not giving in. If the company doesn’t come to an agreement with Amazon, no versions (either print or digital) of books by HarperCollins will be sold on Amazon’s website.
Maybe HarperCollins saw this issue coming. Around July of 2014, the publisher started selling its books directly through its own website, which cut Amazon out of some of the sales. Jeremy Greenfield, Forbes contributor, stated that HarperCollins was “taking steps to build and strengthen alternate retail channels, grow in size, and create new business lines,” which in the end led to less reliance on Amazon.
What does everyone in the LitReactorVerse think? Should HarperCollins stand strong, or give into Amazon’s new terms?
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