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Amazon fights with publisher Hachette over the price of ebooks

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Amazon is in the midst of a months-long dispute with US publisher Hachette. The retailer is seeking a new contract that would see most of the publisher's books go on sale for $9.99 or less, and it wants a 30 percent cut — a figure that Amazon says is rather standard for the industry. Hachette has rebuffed Amazon's overtures, and the retailer has responded in kind by using its market position to "encourage" readers to buy other books. It has raised prices on Hachette books, stopped offering pre-orders, and delayed shipping times until the dispute is resolved. Authors and readers have been caught in the crossfire — keep an eye on this StoryStream for the latest updates.