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April 11, 2012 06:41 pm GMT
The U.S. Justice Department just formally charged Apple, along with book publishers, Hachette, HarperCollins, Macmillan and Penguin in regards to e-book pricing. The DOJ alleges that the companies colluded in anticompetitive practices involving pricing and sales. This comes after a year-long investigation into the matter after Apple switched to an "agency" model where they retained a portion of the sale of ebooks sold through its platforms. This is said to have resulted in higher prices industry-wide since only a few sellers set the prices. Bloomberg reports that several publishers are seeking to settle with the DoJ. Simon & Schuster, Lagardre SCAs Hachette Book Group and HarperCollins could settle as soon as today. However, Apple and Macmillian reportedly refused to engage in settlement talks, so far denying the claims. This might get ugly.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/dBYP-uR3wic/
U.S. Files Antitrust Charges Against Apple, Book Publishers
The U.S. Justice Department just formally charged Apple, along with book publishers, Hachette, HarperCollins, Macmillan and Penguin in regards to e-book pricing. The DOJ alleges that the companies colluded in anticompetitive practices involving pricing and sales. This comes after a year-long investigation into the matter after Apple switched to an "agency" model where they retained a portion of the sale of ebooks sold through its platforms. This is said to have resulted in higher prices industry-wide since only a few sellers set the prices. Bloomberg reports that several publishers are seeking to settle with the DoJ. Simon & Schuster, Lagardre SCAs Hachette Book Group and HarperCollins could settle as soon as today. However, Apple and Macmillian reportedly refused to engage in settlement talks, so far denying the claims. This might get ugly.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/dBYP-uR3wic/
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