The Justice Department has formally decided to sue Apple, Hachette, HarperCollins, Macmillian, Penguin and Simon & Schuster over alleged e-book 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 replace to agency pricing, where the seller takes a 30 percent cut of every sale in place of the wholesale model which permits stores to sell books at rock-bottom prices. It was previously believed that the publishers had in the reduction of-room deals with the govt. 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 come to the wholesale model to sell best-sellers at a loss, something that the enormous five are desirous to avoid, and may 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: The .PDF of the DoJ's filing is now available online -- it makes for fascinating reading.
From WhatNewsToday.net
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