Bookstore – News – Bloomsbury reaches new “long -term” trade deal with Amazon after threat

BlooMsbury has entered into a new “long -term” trade agreement with Amazon after the dealer said it would remove his books from sales. Bloomsbury insisted that Amazon’s threat had come as a surprise after discussions about terms began during the summer, saying they had only heard of the move when Amazon left his public comment late Thursday (23.).

Bloomsbury would have been particularly concerned about any impact on the share price and future earnings. A statement to the stock exchange sought to reassure investors. It read: “Bloomsbury Publishing PLC, the leading independent publisher, has entered into a new long -term delivery agreement with Amazon. The Board of Directors repeats confidence in consensus expectation.”

Amazon confirmed the agreement and said, “From 22:30 on January 23, a principle agreement between Amazon and Bloomsbury, and the Bloomsbury books are still available to our customers.”

A further comment sent to The bookseller by Bloomsbury stated: “Amazon informed Bloomsbury that they would no longer sell Bloomsbury printed books in Britain, Europe and Australia, or Bloomsbury ebooks worldwide from midnight. We have been in discussions with Amazon about terms since last summer. At no time during these discussions, Amazon said they would take such action. We learned about this at the same time that Amazon issued a public statement and contacted Bloomsbury writers and agents. We have now entered into an agreement with Amazon to ensure the continued availability of our titles on Amazon. “

Amazon UK unexpectedly announced that it would cease selling Bloomsbury’s printed and e-books from midnight on January 23, and said the negotiations between the gigantic dealer and the publisher had broken down.

A statement from the dealer explained that it had not been able to negotiate new terms with the publisher despite the extension of the contract. The Amazon Declaration read: “Our contract to sell Bloomsbury titles was scheduled to expire last year. We extended the contract under current terms several times in an attempt to reach agreement, but despite our best efforts over the last Seven months, Bloomsbury has refused to participate in a good beliefs to discuss a new contract to sell their titles in our store. To sell Bloomsbury printed books in Britain, Europe and Australia or Bloomsbury Kindle Books worldwide. “

It is more than a decade since Amazon last tried to strengthen a large trade publisher by removing titles. In that case, Hachette and the gigantic retailer fought a very public battle that lasted months.