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04-11-2012, 03:30 PM #1
Justice Dept. Sues Apple and Publishers Over E-Book Pricing; 3 Publishers Settle
"The Justice Department filed a civil antitrust lawsuit against Apple and major book publishers on Wednesday, charging that the companies colluded to raise the price of e-books in 2010.
Three publishers that were investigated — Hachette Book Group, Simon & Schuster and HarperCollins — have agreed to a settlement, threatening to overturn a pricing model that allows publishers to set their own e-book prices, and dangling the possibility of lower e-books for consumers in the near future.
Macmillan and Penguin Group USA, which were also named in the suit, did not settle.
The lawsuit, describing scenes of publishing executives meeting for private dinners at pricey restaurants, alleges that Apple and the publishers conspired to limit e-book price competition, causing “e-book consumers to pay tens of millions of dollars more for e-books than they otherwise would have paid.”
More details in the link above.. Just too long to paste here..
Last edited by TrippleJ; 06-28-2012 at 03:47 PM.
04-11-2012, 10:36 PM #2
When I read the Jobs book and saw his quote regarding eBooks, I turned to my wife and told her Apple would probably get sued for price fixing/collusion.David Vaughn
Technical Writer/Blu-ray Reviewer
Sound and Vision Magazine
04-12-2012, 08:05 AM #3
lol.. Wonder if the justice dept. also read Jobs book and they came to the same thought..