Bloomberg News is reporting that when the U.S. Justice Department officially moved to file suit against Apple and the “Agency 5”, all but Apple and one of the publishers named in the suit negotiated a settlement. From Bloomberg: The U.S. sued Apple Inc. (AAPL), Hachette SA, HarperCollins, Macmillan, Penguin and Simon & Schuster in New … Read more
As promised, we provide this update on the U.S. Justice Department’s price fixing and collusion case against Apple and the Agency 5, as we originally reported in this earlier post. On The Mail, Rob Waugh reports: Justice Department could halt price deal which prevented Amazon discounting Deal between Apple and five publishers Ebook prices risen up … Read more
Apple and five major publishers, suspected of colluding to artificially raise and fix prices for ebooks, are under investigation by regulators in the U.S. and European Union. The whole thing began when Apple introduced its “agency pricing model” for ebooks last year. Up until that time, Amazon, as the dominant player in the ebook field, had … Read more