Posts tagged e-book price fixing
Apple: Collusion on E-Book Pricing or Just Tough Talks?
May 16, 2013 | 10:37 am
The New York Times and Reuters ran articles recently that tell opposing stories about Apple's role in agency pricing. In the Times story, the Justice Department paints a picture of Apple as the ringleader of agency pricing. In the Reuters story, Apple insists that it just had tough talks with the publishers about the future of e-books and pricing. Apple had an interesting claim in the Reuters article that had me hunting down some history. Here's their claim: It [Apple] says that e-book demand "exploded" with Apple's iPad launch, and the average retail price of an e-book dropped to $7.34 from $7.97. I can't...
BREAKING: Macmillan Settles with DOJ on Price Fixing
February 8, 2013 | 12:30 pm
Apple is now the lone hold-out. As you may recall, three publishers—Hachette, HarperCollins and Simon & Schuster—immediately settled, leaving Penguin, MacMillan and Apple to fight it out in court. Penguin settled in December, probably to protect their pending merger with Random House. And now Macmillan joins its fellows. Macmillan CEO John Sargent cited financial reasons for the settlement, according to this story on Publishers Lunch: "Our company is not large enough to risk a worst case judgment. In this action the government accused five publishers and Apple of conspiring to raise prices. As each publisher settled, the remaining defendants became responsible not only...
Macmillan Says Renegotiated E-Book Deals Allows Some Discounting
December 28, 2012 | 8:26 pm
Macmillan, the last of the major publishers still fighting the U.S. Justice Department over antitrust charges, says it has renegotiated its e-book deals with retailers to allow some discounting. In an open letter posted on his book-publishing company's website Wednesday afternoon, Macmillan Chief Executive John Sargent said the firm is still committed to fighting the antitrust case brought by the Justice Department involving allegations that Macmillan and four other publishers plus Apple Inc. (AAPL) conspired to raise e-book prices. Read Full Article... Source: Global Finance * * * ...