A couple of months ago I posted a link and provided a few thoughts on the subject of ebook prices. (Article on Why E-Books are Expensive). In the article, written by a MSN journalist, it mentioned that Apple, as well as some major publishers, were being investigated for price-fixing in the market. Well, come today, the headline reads that the U.S. is suing Apple over ebook pricing. Check out the link below for the complete story.
A brief snippet:
Apple and the publishers reached an agreement where retail price competition would cease, retail e-books prices would increase significantly and Apple would be guarantee a 30 percent “commission” on each e-book sold, according to court document published on The Wall Street Journal’s website.
The conspiracy has caused e-book consumers to pay “tens of millions of dollars more for e-books than they otherwise would have paid,” the Justice Department said.
- APPLE ANTITRUST LAWSUIT: U.S. Files Suit over eBook Pricing (blippitt.com)
- Apple and others sued by Justice Department over ebook price-fixing (intomobile.com)
- Reuters: Justice Department ready to sue Apple over ebook price fixing (Updated) (tuaw.com)