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 ]
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Major retailers are already discounting J K Rowling's forthcoming The Casual Vacancy by 50%... Continue reading at The Bookseller
[ The Bookseller | 2012-04-30 00:00:00 UTC ]
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The Booksellers Association's talks with ebook platform providers have intensified after... Continue reading at The Bookseller
[ The Bookseller | 2012-04-27 00:00:00 UTC ]
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Science fiction publisher Tor UK decides to drop anti-piracy restrictions from its electronic books. Continue reading at BBC World
[ BBC World | 2012-04-26 00:00:00 UTC ]
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Almost a year after it was first announced 3M's Cloud Library ebook lending service is getting a proper rollout. Introduced today at a beta site in St. Paul, the system is now ready for its kiosks, e-readers and apps to hit the hands and eyes of library patrons. The touch-based Discovery... Continue reading at Engadget
[ Engadget | 2012-04-26 00:00:00 UTC ]
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Tech giant Apple reported a net income of $11.6 billion during the second fiscal quarter of 2012, up from $5.9 billion during the same period in 2011. However, international sales represent 64 percent of Apple’s quarterly revenue. Continue reading at Folio Magazine
[ Folio Magazine | 2012-04-26 00:00:00 UTC ]
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The ebook editions of J K Rowling's Harry Potter series are now available in French, Italian... Continue reading at The Bookseller
[ The Bookseller | 2012-04-24 00:00:00 UTC ]
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You don't need a special reader to enjoy ebooks if you already own a smartphone or tablet. Continue reading at Stuff
[ Stuff | 2012-04-23 00:00:00 UTC ]
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Publisher concerns over whether the ebook agency model can survive globally in the wake of the... Continue reading at The Bookseller
[ The Bookseller | 2012-04-18 00:00:00 UTC ]
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Unresolved conflicts among publishers, sellers, libraries, and the U.S. Justice Department cloud the future of the publishing industry. Continue reading at The Atlantic
[ The Atlantic | 2012-04-17 00:00:00 UTC ]
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Hachette Livre has sold its ebook distribution platform Numilog to its founder and c.e.o. Denis... Continue reading at The Bookseller
[ The Bookseller | 2012-04-17 00:00:00 UTC ]
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In February, the Educational Development Corporation said it would remove all its titles from Amazon, more evidence of the tumult over who gets to decide how much a book costs. Continue reading at The New York Times
[ The New York Times | 2012-04-16 00:00:00 UTC ]
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An antitrust suit may provide short-term price reductions on ebooks, but once the competition is flattened, Amazon is likely to resume its monopolistic ways. Continue reading at The New York Times
[ The New York Times | 2012-04-16 00:00:00 UTC ]
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Apple has joined Penguin and Macmillan in defending itself against accusations of collusion over... Continue reading at The Bookseller
[ The Bookseller | 2012-04-13 00:00:00 UTC ]
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This week, the Obama administration’s Justice Department struck a great legal blow against our open market for books, and indeed against open markets in America. Even though online retailer Amazon has captured more than 50 percent of many key book markets—like the one for ebooks—antitrust... Continue reading at Slate
[ Slate | 2012-04-13 00:00:00 UTC ]
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Apple responds to antitrust charges: "The launch of the iBookstore in 2010 fostered innovation and competition, breaking Amazon's monopolistic grip on the publishing industry." Continue reading at AllThingsD
[ AllThingsD | 2012-04-13 00:00:00 UTC ]
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Alleged collusion aside, the publishing industry's agency pricing model may actually protect the long-term interests of everyone in the ebook value chain. Continue reading at AllThingsD
[ AllThingsD | 2012-04-13 00:00:00 UTC ]
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If Apple, Hachette, HarperCollins, Macmillian, Penguin and Simon & Schuster thought they only had to contend with a federal ebook lawsuit in the US, they'd better think again. Australia's Competition and Consumer commission is inviting local businesses to raise formal concerns as it weighs... Continue reading at Engadget
[ Engadget | 2012-04-12 00:00:00 UTC ]
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Morning Business Memo: Amazon is the big winner in the government’s decision to go after Apple and major publishers over alleged ebook price fixing. Amazon might decide to slash the price of many bestsellers from $14.99 to $9.99. The Justice Department and 15 states sued... Continue reading at ABC News
[ ABC News | 2012-04-12 00:00:00 UTC ]
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Three of the five book publishers sued Wednesday by the Department of Justice quickly agree to scrap their deal with Apple and claim no wrong-doing. Continue reading at PC World
[ PC World | 2012-04-12 00:00:00 UTC ]
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The U.S. Department of Justice's antitrust lawsuit against Apple and five book publishers over alleged ebook price fixing means that the publishers have to... Continue reading at PC World
[ PC World | 2012-04-12 00:00:00 UTC ]
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