Recent installments if the list have described e-book prices «plummeting» and going into a «tailspin» in the wake of DoJ anti-trust action
against agency pricing.
Now I know that some who read this will complain that I took a strong and active stance
against Agency Pricing.
These are also those who would have you believe that the DoJ's suit is
against agency pricing and who so conveniently forget that it is against price fixing.
Not exact matches
«I've seen him stand up for reform at
agencies like the MTA and
against congestion
pricing.
If you compare our
pricing against other marriage
agencies you will find our all - inclusive
pricing is value for money and tiered for your individual requirements.
Continue reading The DOJ's Ebook
Price Fixing Lawsuit
Against Apple and the «
Agency Five»: An Overview
In its 2012 suit
against Apple, the U.S. Department of Justice maintained that, by striking a coordinated deal to establish
agency pricing for e-books, the publishers and Apple exhibited anticompetitive conduct by conspiring to fix
prices.
The pitfalls of discussing new contracts all at once would be tantamount to collusion and would go
against the DOJ settlement on
agency pricing.
The class action seeks damages «for the purchase of e-books, an injunction
against pricing e-books with the
agency model and forfeiture of the illegal profits received by the defendants as a result of their anti-competitive conduct which could total tens of millions of dollars.»
The Justice Department's case
against Apple hinges on so - called «
agency pricing.»
The term «
agency pricing» may not be familiar to those outside the book industry, but it has become a serious issue with the Justice Department's antitrust case
against Apple and five major book publishers for colluding on
prices as a defensive move
against Amazon (NSDQ: AMZN).
Agency pricing has not been found to be illegal, and no criminal charges have been brought
against Apple or the publishers; the three publishers who settled out of court in the DoJ lawsuit have admitted no wrongdoing.
First, ebooks sold better in 2013 by numbers of total sales, but actually resulted in less overall revenue than they have in the past; this may stem from the understanding of where ebook
pricing should fall, and the fact that Amazon was able to discount ebooks again after the stripping away of
agency pricing following the DOJ lawsuit
against the Big Five publishers.
Agency pricing basically allowed Apple to compete out of the gate
against Amazon, Barnes and Noble and Kobo by getting top publishers to agree to set the
prices of eBooks, rather then the online retailers.
They are all really scared to be talking to each other on the record because of the global collusion cases levied
against them for establishing «
Agency Pricing.»
Most Kindle Nation Daily readers are aware that the U.S. Department of Justice (DOJ) has filed a major antitrust lawsuit
against Apple and the five original «
agency model» publishers charging them with a massive
price - fixing conspiracy in violation of federal law.
Agency pricing basically allowed Apple to compete out of the gate
against Amazon, Barnes and Noble and Kobo by... [Read more...]
So the lay of the land has shifted dramatically post the DOJ bringing the suit
against the Big 6 over their
Agency model
pricing.
And, in fact, Greenfield points out that Forrester's James McQuivey probably foresaw things a bit more accurately than the «this means war» people when the Department of Justice's legal action
against five of the Big then - Six publishers resulted in a rollback of
agency pricing.
A case
against Amazon wouldn't make any sense unless it could be shown that Amazon's behavior was causing higher
prices — but the reality is that the publishers are the ones whose behavior is leading to higher
prices (the publishers who settled get two years of «modified»
agency pricing).
The very cheap ebooks indie authors would offer juxtaposed
against the publisher's
agency up -
priced (many at $ 14.99) and undiscounted branded books created a market opening that allowed the Kindle audience to sample (aside from the free chapter that is standard in ebooks) cheap ebook authors for peanuts.
The Department of Justice today filed its antitrust suit
against Apple, Hachette, HarperCollins, Macmillan, Penguin and Simon & Schuster over the
agency model of ebook
pricing.
The suits do not allege that
agency pricing itself is illegal; rather, they allege that the big - five and Apple illegally conspired to adopt the model all at once in order to retaliate
against Amazon's discounting.
Barnes & Noble says that before publishers enacted
agency pricing, it could not compete
against Amazon: «[a] s a result of Amazon's
pricing (which
priced most bestselling books sold by Barnes & Noble below Barnes & Noble's, and Amazon's, direct costs), Barnes & Noble was losing substantial money in an effort to compete with Amazon's
pricing, and was unable to gain significant market share.»
The right response here is: for the state to leave this alone and let the companies involved work out whatever contractual terms they wish, whether
agency model, wholesale model, or some hybrid; stop employing antitrust law
against even nominally private companies; stop enacting and enforcing laws that give rise to monopoly
prices and oligopolies and corporatism and crony capitalism in the first place, such as copyright law, antitrust law, pro-union legislation, minimum wage, taxation in general, inflation and the business cycle, and other business regulations.
The reason they were
against Agency is that publishers couldn't be trusted to
price ebooks in a sane manner.
It is also possible that this has something to do with the ongoing class action lawsuits
against Apple and the Big 6 publishers over
price fixing and the imposition of the
Agency Model around the time the iPad was released.
Agency puts authors and publishers in control and frees retailers to compete
against one another based on customer experience rather than cut - throat
price wars.
While U.S. Treasury or government
agency securities provide substantial protection
against credit risk, they do not protect investors
against price changes due to changing interest rates.
And then we will compare the
pricing against other online travel
agencies to see if it is really a good deal.
And then we will compare the
pricing against other online travel
agencies to see if it is really a good deal.
At this
price, coal fired, gas fired and biomass generation is
priced out of the market, so to ensure that at least some new gas - fired capacity is built, the
agency is introducing separate categories — allowing fossil fuel and biomass plants to bid
against each other, while wind projects compete in a separate auction.
The article cites a class - action lawsuit
against several online travel
agencies alleging hotel room
price fixing as an example of the quashing effect these clauses have.
The term «
agency pricing» may not be familiar to those outside the book industry, but it has become a serious issue with the Justice Department's antitrust case
against Apple (s aapl) and five major book publishers for colluding on
prices as a defensive move
against Amazon (s amzn).
Retaliating
against both Clark and Cellan - Jones was digital marketing
agency ApplinSkinner director Mark Cook, who pointed out previous Bitcoin
price thresholds — $ 1,000, $ 2,000 and $ 3,000 — had all earnt Bitcoin «bubble» accusations in the past.
The Australian National Preventive Health
agency (ANPHA) has recommended
against setting a minimum
price for alcohol, saying it would lead to bigger profits to alcohol retailers instead of helping the Government tackle alcohol - related harms via revenue - raising measures like alcohol and tobacco taxation.