When Amazon first spoke up about the stalled negotiations with Hachette, they proposed an author pool to support Hachette’s authors to be funded by both companies. Hachette refused.
According to a story breaking now, it appears Amazon has sweetened the deal by suggesting that Amazon and Hachette both forego all profits of any Hachette ebooks sold and allow that money to go directly to the author. 100% of it.
As a reader, I love this idea. Let my money go to the artists and come out of your pockets while the two of you duke it out.
It also sounds as if Hachette has been slow to negotiate at all. If all of this is true, it backs up everything we saw the last go around with Macmillan: Amazon getting the blame while publishers refuse to negotiate or use dirty tactics while hiding behind the outrage of their authors.
I really hope Hachette accepts this latest offer. If you want to encourage them to do so, sign our petition to Hachette, which asks them to stop fighting for low wages for authors and high prices for readers. Nearly 7,000 people have already signed.
C’mon, Hachette, do the right thing.