Bloomsbury Publishing, the renowned publisher of the Harry Potter series, has renewed its supply agreement with Amazon UK, resolving months of stalled negotiations that had threatened a

key distribution channel.

Concerns over the potential collapse of the deal intensified when Amazon UK revealed difficulties in reaching new terms for the contract governing the sale of Bloomsbury's print and digital books.

"Over the past seven months, we have made extensive efforts to engage with Bloomsbury, but they have consistently declined to negotiate in good faith," Amazon UK stated on Thursday. The retailer warned that, without an agreement, it would cease selling Bloomsbury's print books in the UK, Europe, and Australia, as well as its Kindle editions globally.

The existing contract, which was originally set to expire last year, had been extended until midnight on January 23. However, late on Thursday, Amazon UK confirmed it had reached a last-minute agreement with Bloomsbury at 10:30 PM GMT.

The resolution comes as a relief to the publishing house, which relies on both traditional retail and e-commerce channels to distribute its titles. A breakdown in the agreement could have had significant consequences for Bloomsbury's sales.

In addition to the Harry Potter series, Bloomsbury publishes other popular works, including Sarah J. Maas's A Court of Thorns and Roses. Despite the uncertainty surrounding the negotiations, the company reiterated its confidence in meeting market expectations for its full-year sales and profit targets. Photo by Joe Mabel, Wikimedia commons.