A year after the showdown between Amazon and Macmillan over the publisher’s switch to agency terms that left most Macmillan titles unavailable for sale for about a week at the etailer, the companies’ joint move to make financial amends to authors has become public. In a letter from Macmillan ceo John Sargent to authors and agents, he explained their Amazon Kindle Outage Adjustment. (Most of the supplementary compensation was already paid in the prior royalty reporting period last year.) “We believe it was not fair that authors should suffer from the Amazon buy button takedown imposed on us for a […]
