The Hachette Book Group has reached a new agreement with Barnes and Noble and Amazon. This paves the way for immediate discounts on first run ebook titles and the online retailers are able to discount the prices as they see fit.
Hachette joins HarperCollins and other big six publishers in disbanding the agency model. The justice department investigated Apple and all the major players in the publishing game on price fixing. Rather than battle it out in court, many of the publishers decided to settle. This benefits your average customer who just wants a more affordable price for their ebooks.
Some of the discounts are quite striking, such as J.K. Rowling’s A Casual Vacancy. It was originally sold at $19.99 and now is available for $12.00 on Amazon.