Amazon and Hachette Resolve Dispute
Amazon and Hachette announced Thursday morning that they have resolved their differences and signed a new multiyear contract, bringing to an official end one of the most bitter publishing conflicts in recent years.
Neither side gave details of the deal, but both pronounced themselves happy with the terms. Hachette gets the ability to set the prices on its e-books, which was a major battleground in the dispute.
"This is great news for writers," said Michael Pietsch, Hachette's chief executive. "The new agreement will benefit Hachette authors for years to come.