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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Discussions "ongoing" over ebook lending

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[ The Bookseller | 2011-04-28 00:00:00 UTC ]
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Penguin to publish slow news title

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[ The Bookseller | 2011-04-28 00:00:00 UTC ]
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Agents press for ebook escalators

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[ The Bookseller | 2011-04-26 00:00:00 UTC ]
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The Big Children's Books of BEA

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[ Publishers Weekly | 2011-04-25 00:00:00 UTC ]
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With Update, Barnes & Noble's Nook Color Gets More Tablet-Like [Mobilized]

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[ AllThingsD | 2011-04-25 00:00:00 UTC ]
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RHG reshuffles international sales department

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[ The Bookseller | 2011-04-21 00:00:00 UTC ]
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Justine Southall appointed publisher of Marie Claire

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[ Media Week | 2011-04-21 00:00:00 UTC ]
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Ogden Publishing To Integrate Fulfillment with E-mail Marketing

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[ Folio Magazine | 2011-04-20 00:00:00 UTC ]
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Amazon.com readies ebook lending service

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[ The Bookseller | 2011-04-20 00:00:00 UTC ]
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Report: Apple Beats Out Android Platform Use by 59 Percent

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[ Folio Magazine | 2011-04-19 00:00:00 UTC ]
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Tip: Organize your ebooks with Calibre 0.7.56

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[ Betanews | 2011-04-18 00:00:00 UTC ]
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[ Editor & Publisher | 2011-04-15 00:00:00 UTC ]
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[ AdWeek | 2011-04-15 00:00:00 UTC ]
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[ The Bookseller | 2011-04-13 00:00:00 UTC ]
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[ Folio Magazine | 2011-04-13 00:00:00 UTC ]
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[ The Bookseller | 2011-04-13 00:00:00 UTC ]
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[ The Bookseller | 2011-04-12 00:00:00 UTC ]
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[ The Bookseller | 2011-04-12 00:00:00 UTC ]
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[ The Bookseller | 2011-04-12 00:00:00 UTC ]
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