Amazon’s statement Tuesday night indicated that they “offered to Hachette to fund 50 percent of an author pool – to be allocated by Hachette – to mitigate the impact of this dispute on author royalties, if Hachette funds the other 50 percent” and it added that “we did this with the publisher Macmillan some years ago.” We received a number of queries thereafter, from people who did not recall Macmillan’s Kindle Outage Adjustment. The publisher started making the additional payments to authors in 2010, and Macmillan ceo John Sargent wrote about it in a letter to agents and authors that […]
