Here's How Authors Will Continue To Lose During The Amazon And Hachette Fight

AP"Harry Potter" author J.K. Rowling

In a new public statement, Hachette has denied Amazon's offer to fund 50% of a pool of money for authors affected by the ongoing disagreement between the book publisher and the e-commerce site.

For the last several weeks, Amazon has been removing pre-order buttons for Hachette books, tweaking its recommendation to feature non-Hachette titles, and ordering fewer copies of certain books, causing shipping delays. This is all because of a pricing negotiation disagreement between the two companies.

This has been bad news for Hachette authors like J.K. Rowling, James Patterson, Dave Cullen, Nicole Mary Kelby, and many more, who don't get royalties when they're book sales decline because of Amazon's actions.

Amazon offered to fund 50% of an author pool to mitigate the impact of the the two businesses' dispute on author royalties if Hachette would fun the other 50%, but Hachette said that it would not accept any money from Amazon until after the company has agreed to more favorable terms overall. Amazon, for its part, wrote in its statement earlier that it didn't see a resolution coming any time soon.

As long as both companies refuse to back down, authors will continue to be negatively affected.

Hachette also wrote that it is "extremely grateful for the spontaneous outpouring of support" that it has recieved from authors and agents.

Here's the full statement from Hachette:

Disclosure: Jeff Bezos is an investor in Business Insider through his personal investment company Bezos Expeditions.