Not exact matches
Sorry, but for the major
publishers — you know, those
publishers who are being sued by the
Department of Justice for price fixing and for others who have
followed in their footsteps and have implemented agency model pricing — they don't want to sell the e-book.
(For those who
follow industry news, it was the launch of Apple iBooks — and its agency pricing model — that ultimately led to the
Department of Justice lawsuit that accused Apple and the Big Five
publishers of ebook price fixing.)
A lot of the sentiment coming from the defense in the on - going Apple anti-trust lawsuit, brought about by the
Department of Justice
following a three - year investigation involving five of the largest
publishers in the world, is that the DOJ is wasting its time going after a company that was in a distant third place behind Amazon and Barnes and Noble.
The
Department of Justice and Apple's opening statements lasted for nearly the entire day, but they introduced little material that would be surprising to anybody who has been
following the case since the DOJ first sued Apple and
publishers in April 2012.
In the «duh»
department, we have the
following quotes about e-book royalty rates paid by legacy
publishers:
Sorry, but for the major
publishers — you know, those
publishers who are being sued by the
Department of Justice for price fixing and others who have
followed in their footsteps and have implemented agency model pricing — they don't want to sell the e-book.
If I read the terms of the settlement correctly, there will be a two year period of no price fixing by the
publishers involved,
followed by a free grant for the
publishers to do exactly what they're doing now, with the
Department of Justice's blessing.
The proposed remedy from the
Department of Justice
follows Apple being found guilty last month of colluding with
publishers to raise ebook pricing and force rivals to the so - called «agency model» and sets out several recommendations for how the Cupertino firm could be prevented from «conspiring to thwart competition» in the years ahead.