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Posts Tagged ‘Hachette’
Hachette Book Group moves to Agency model
Thursday, February 4th, 2010
Galleycat reports on Hachette Book Group’s decision to move to the same type of agency model proposed by Macmillan. Below is the letter from their CEO, David Young.
February 4, 2010
Dear Agent,At Hachette Book Group, we have been considering a new pricing model for some time, and have decided to transition to selling our e-books through an agency model.
There are many advantages to the agency model, for our authors, retailers, consumers, and publishers. It allows Hachette to make pricing decisions that are rational and reflect the value of our authors’ works. In the long run this will enable Hachette to continue to invest in and nurture authors’ careers–from major blockbusters to new voices. Without this investment in our authors, the diversity of books available to consumers will contract, as will the diversity of retailers, and our literary culture will suffer.
The agency relationship will allow us to make more titles available to more consumers on more platforms. This expands the author’s reach and readership, which is at the heart of what we do as a publisher. Ultimately, these new terms open doors to all online e-book service providers and create more avenues for delivering e-books to readers. (more…)
Tags: Hachette, Macmillan
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