Apple violated antitrust law in ebook pricing

Apple Inc., the world's biggest technology company, violated antitrust law by engaging in a scheme to fix the prices of electronic books, a federal judge ruled in a suit brought by the U.S. government.U.S. District Judge Denise Cote, who tried the case without a jury, ruled against Apple in a decision filed today in federal court in Manhattan."The plaintiffs have shown that Apple conspired to raise the retail price of ebooks and that they are entitled to injunctive relief," Ms. Cote said in her opinion. The judge ordered a trial on potential damages.The U.S. sued Apple and five publishers in April 2012, claiming the maker of the iPad pushed publishers to sign agreements letting it sell digital copies of their books under what's known as the agency model. Under that model, publishers, and not retailers, set prices for each book, with Apple getting 30%.Apple, based in Cupertino, California, was the last defendant left in the case after the publishers avoided trial by settling.The settling publishers are Verlagsgruppe Georg von Holtzbrinck GmbH's Macmillan unit, CBS Corp.'s Simon & Schuster, Lagardere SCA's Hachette Book Group, Pearson Plc's Penguin unit and News Corp.'s HarperCollins. The No. 1 publisher, Random House Inc., wasn't involved in the U.S. suit. Continue reading at 'Crains New York'

[ Crains New York | 2013-07-10 00:00:00 UTC ]

Other news stories related to: "Apple violated antitrust law in ebook pricing"


US judge blocks $2.2bn Penguin Random House merger

Justice department argued the melding of the publishing house with Simon & Schuster would harm competition and authors’ payA US judge has blocked the $2.2bn planned merger of Penguin Random House, the world’s largest book publisher, with rival Simon & Schuster.Judge Florence Pan of the... Continue reading at The Guardian

[ The Guardian | 2022-11-01 00:30:18 UTC ]
More news stories like this


Title and Pub Date of Prince Harry Memoir Revealed

The memoir by Prince Harry, announced by publisher Random House in July, finally has a title and a publication date: 'Spare' will be released on January 10, 2023. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-10-27 04:00:00 UTC ]
More news stories like this


Book Riot’s YA Book Deals of the Day: October 22, 2022

The best YA book deals of the day, sponsored by Penguin Random House Audio: browse today where you can discover books that play!`Penguin Random House... Continue reading at Book Riot

[ Book Riot | 2022-10-22 10:30:00 UTC ]
More news stories like this


Rom-com fans, rejoice: Curtis Sittenfeld’s new book, Romantic Comedy, is coming in spring.

Some exciting spring book news: Random House will publish Curtis Sittenfeld’s seventh novel in April. And as both a Sittenfeld completist and an unabashed rom-com lover (NB: this does not include Netflix rom-coms), I’m very excited by both the novel’s title—Romantic Comedy—and its plot synopsis.... Continue reading at Literrary Hub

[ Literrary Hub | 2022-10-13 16:02:18 UTC ]
More news stories like this


Book Deals: Week of September 26, 2022

Random House and Celadon announce upcoming editions of the House Select Committee’s January 6 report, Currency takes on a memoir by YouTuber and former banker Gary Stevenson, and more. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-09-23 04:00:00 UTC ]
More news stories like this


Florence Pan, Judge in DOJ v. PRH Case, Confirmed to U.S. Court of Appeals in D.C.

The United States Senate voted on Tuesday to elevate the judge overseeing the lawsuit that will decide the fate of the proposed merger of Penguin Random House with Simon & Schuster to the influential U.S. Court of Appeals for the District of Columbia Circuit, filling the seat that belonged... Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-09-21 04:00:00 UTC ]
More news stories like this


What Five Years with a Predatory Vanity Press Taught Me About Art and Success

Every few months, I receive an email or phone call from someone who claims to work for a literary agency or publishing entity. In the lengthy messages variegated with bold-faced sentences, or voicemails in which the speaker mispronounces my maiden name, I’m promised six-figure book deals with... Continue reading at Literrary Hub

[ Literrary Hub | 2022-08-22 08:52:55 UTC ]
More news stories like this


Book Deals: Week of August 22, 2022

Former Israeli prime minister Benjamin Netanyahu sells an autobiography to Simon & Schuster, Gallery Books takes a memoir by ESPN personality Stephen A. Smith, and more. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-08-19 04:00:00 UTC ]
More news stories like this


What Was the ‘It Book’ of Summer 75 Years Ago?

Laura Z. Hobson’s “Gentleman’s Agreement” was so popular that Simon & Schuster could barely keep up with demand. Continue reading at The New York Times

[ The New York Times | 2022-08-18 14:41:29 UTC ]
More news stories like this


Op-Ed: How an antitrust trial could reshape the books we read — and who writes them

The proposed merger of Penguin Random House and Simon & Schuster could lead to fewer voices — including marginalized voices — being published. Continue reading at Los Angeles Times

[ Los Angeles Times | 2022-08-18 10:09:48 UTC ]
More news stories like this


Lit Agents Say S&S Acquisition Would be Bad for Business

A survey released by the Association of American Literary Agents has found that 87% of respondents oppose the acquisition of Simon & Schuster by Penguin Random House, citing, among their chief concerns, that the deal would result in “less competition” for titles and “lower advances.” Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-08-17 04:00:00 UTC ]
More news stories like this


Is Publishing About Art or Commerce?

The antitrust trial to block the merger of Penguin Random House and Simon & Schuster has riveted the industry—and raised larger questions about the business of books. Continue reading at New Yorker

[ New Yorker | 2022-08-16 16:22:22 UTC ]
More news stories like this


DOJ v PRH: Madeline McIntosh Details PRH's Publishing Process

As the Department of Justice’s case against the proposed acquisition of Simon & Schuster by Penguin Random House entered its third week, the defense called PRH US CEO Madeline McIntosh, plus merger and acquisition executives from ViacomCBS and PRH, to the stand to discuss why approval of the... Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-08-16 04:00:00 UTC ]
More news stories like this


DOJ v. PRH: Agents, Publishers Move Center Stage

As attorneys for Penguin Random House and Simon & Schuster took their turn to defend PRH's purchase of S&S, William Morris Endeavor's Jennifer Rudolph Walsh, Gallery publisher Jennifer Bergstrom, and Norton's John Glusman found themselves in the witness chair. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-08-11 04:00:00 UTC ]
More news stories like this


From the Archive: June 8, 1992

David McCullough, the author of 12 bestselling books, died August 7 at age 89. PW caught up with McCullough in 1992 shortly after his sixth book, 'Truman,' was released by the only publisher he ever had, Simon & Schuster. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-08-10 04:00:00 UTC ]
More news stories like this


From the Archive: June 8, 1992

David McCullough, the author of 12 bestselling books, died August 7 at age 89. PW caught up with McCullough in 1992 shortly after his sixth book, 'Truman,' was released by the only publisher he ever had, Simon & Schuster. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-08-10 04:00:00 UTC ]
More news stories like this


David McCullough, Pulitzer-winning historian, dies aged 89

The author of biographies and other works and narrator of documentaries, McCullough was ‘the voice of American history’David McCullough, the Pulitzer prize-winning author whose lovingly crafted narratives on subjects ranging from New York’s Brooklyn Bridge to American presidents John Adams and... Continue reading at The Guardian

[ The Guardian | 2022-08-08 19:41:16 UTC ]
More news stories like this


Antitrust trial puts book publishing industry in the dock

The Justice Department’s legal effort to block the merger of book publishing giants Penguin Random House and Simon & Schuster is more than just a showcase for the Biden administration’s tougher approach to corporate consolidation Continue reading at ABC News

[ ABC News | 2022-08-06 14:26:56 UTC ]
More news stories like this


Sales, Profits Skyrocket at S&S in Q2

Second quarter sales jumped 34% over last year’s second quarter at Simon & Schuster, and operating income leapt 54%. The strong results followed a first quarter which CEO Jonathan Karp said "defied gravity." Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-08-04 04:00:00 UTC ]
More news stories like this


Stephen King testifies against $2B Penguin merger

The deal between Penguin and Simon & Schuster would weaken competition and lower author pay, he said Continue reading at Crains New York

[ Crains New York | 2022-08-02 19:08:55 UTC ]
More news stories like this