Wednesday, August 13, 2014

Amazon vs Hachette: today books, tomorrow the world

Jeff Bezos's firm says its clash with the publisher Hachette is about helping readers, but Amazon looks increasingly stubborn in its fight to become the globe’s biggest retailer


When Amazon floated on the stock exchange, Jeff Bezos made it clear he was playing the long game
When Amazon floated on the stock exchange, Jeff Bezos made it clear he was playing the long game Photo: AP

The battle between Amazon, the online retailing giant, and Hachette, the international publishing group, has the makings of a plot for a legal thriller by John Grisham. A plucky young upstart eventually finds success, only to fall to the dark side and turn its back on the values it initially pledged to hold dear. The only problem is that in this battle it is not clear which side takes the role of fallen angel.

Amazon wants you to believe that the villain is Hachette, which began life as a bookshop in France in 1826 but is now one of the biggest book publishers in the world and part of Lagardère, a £6 billion media empire. Amazon claims that Hachette is colluding on prices with rival publishers and preventing the public from getting cheaper books. 
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