Justice Department formally charges Apple, big five publishers in ebook price fixing case (update)

The Justice Department has formally decided to sue Apple, Hachette, HarperCollins, Macmillian, Penguin and Simon & Schuster over alleged ebook price-rigging. Apple and Macmillian have already denied any wrongdoing, saying that the agreements were enhancing competition in an industry previously dominated by Amazon. The case centers around a deal to switch to agency pricing, where the vendor takes a 30 percent cut of each sale rather than the wholesale model which allows stores to sell books at rock-bottom prices. It was previously believed that the publishers had cut back-room deals with the Government agency after bowing to pressure to withdraw Cupertino's "favored nation" status. If successful, the DoJ will allow Amazon and Barnes and Noble amongst others to return to the wholesale model to sell best-sellers at a loss, something that the big five are desperate to avoid, and will look to fight the battle in court. Update: The PDF of the DoJ's filing is now available online -- it makes for fascinating reading. Update 2: Bloomberg is now reporting that Simon & Schuster, Lagardère SCA's Hachette Book Group and HarperCollins have settled with the DoJ over unspecified terms. Hasty!Justice Department formally charges Apple, big five publishers in ebook price fixing case (update) originally appeared on Engadget on Wed, 11 Apr 2012 10:10:00 EDT. Please see our terms for use of feeds.Permalink   |  Bloomberg, Department of Justice filing (PDF)  | Email this | Comments Continue reading at 'Engadget'

[ Engadget | 2012-04-11 00:00:00 UTC ]
News tagged with: #sell books #previously believed #favored nation #fascinating reading

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PLA Preview 2014: What’s the Big Idea?

Public Library Association President Carolyn Anthony faces a dilemma. “There’s so much I’m looking forward to that it’s hard to know where to start,” she says, when asked for her perspective on the division’s upcoming biennial conference, set for March 11–15 in Indianapolis, Ind. “I look forward... Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-02-17 00:00:00 UTC ]
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Self-publishing: is it killing the mainstream?

In genre fiction, going it alone is beginning to look a much more dependable route to successBrenna Aubrey self-published her debut romance novel At Any Price on the Amazon Kindle on 9 December 2013. One month later At Any Price had netted a total profit of £16,588. Aubrey's success is far from... Continue reading at The Guardian

[ The Guardian | 2014-02-14 00:00:00 UTC ]
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Independent publishers evolve to survive - and thrive

Following a month of upheaval in the independent sector, publishers have told The Bookseller that... Continue reading at The Bookseller

[ The Bookseller | 2014-02-14 00:00:00 UTC ]
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Will the Comcast-Time Warner Cable Merger Hurt Publishers?

Critics of the merger worry Comcast will have unmatched bargaining power in dealing with media companies, essentially turning Comcast into a gatekeeper able to toll digital media companies for faster access to its network. The post Will the Comcast-Time Warner Cable Merger Hurt Publishers?... Continue reading at Digiday

[ Digiday | 2014-02-14 00:00:00 UTC ]
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Facebook Withdrawal: Viral Publishers See Traffic Plunge

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[ Digiday | 2014-02-14 00:00:00 UTC ]
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Canadian Publishers Adapting to Lower Loon

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[ Publishers Weekly | 2014-02-14 00:00:00 UTC ]
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Stephen King to publish two novels in 2014

Revival will see horror master return to his signature genre after excursion into crime fiction, Mr MercedesNot content with making his first excursion into hard-boiled detective fiction this summer, Stephen King has announced that he will publish a second novel in the autumn.The 66-year-old... Continue reading at The Guardian

[ The Guardian | 2014-02-13 00:00:00 UTC ]
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Publishing Perspectives Monthly Magazine Issue #1: Selling and Sales

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[ Publishing Perspectives | 2014-02-13 00:00:00 UTC ]
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Amazon Publishing's advances move ahead of the market

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[ The Guardian | 2014-02-13 00:00:00 UTC ]
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What is Google Newsstand and How Can Publishers Make the Most of It?

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[ Editor & Publisher | 2014-02-12 00:00:00 UTC ]
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Digital Publishing: Live-Tweeting vs. Live-Blogging

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[ Editor & Publisher | 2014-02-12 00:00:00 UTC ]
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Action Lab: A Small Publisher Looking To Expand

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[ Publishers Weekly | 2014-02-12 00:00:00 UTC ]
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Premium Publishers Are Getting Victimized By Traffic Fraud, Too

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[ Advertising Age | 2014-02-12 00:00:00 UTC ]
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Worthy Publishing Up 84% in 2013

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[ Publishers Weekly | 2014-02-12 00:00:00 UTC ]
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DreamWorks Takes Publishing In-House

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[ Publishers Weekly | 2014-02-10 00:00:00 UTC ]
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February’s Top Reviews of Self-Published Books from BlueInk Review

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[ Publishing Perspectives | 2014-02-10 00:00:00 UTC ]
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Second Circuit Denies Apple's Monitor Appeal

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[ Publishers Weekly | 2014-02-10 00:00:00 UTC ]
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LinkedIn Is Looking More Like a Publisher as It Grows Its Native Ad Business

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[ AdWeek | 2014-02-10 00:00:00 UTC ]
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Worms Battlegrounds and Nutjitsu are the first self-published games on Xbox One

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[ Engadget | 2014-02-10 00:00:00 UTC ]
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When Publishers Pay for Video Ad Views

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[ Digiday | 2014-02-10 00:00:00 UTC ]
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