E-books settlement could be reached within a couple of weeks

BookBrowse News - The Full Story

E-books settlement could be reached within a couple of weeks

Apr 02 2012

According to Reuters, The Justice Department could reach a settlement in the next few weeks with Apple Inc and some of the major publishers accused of colluding to push up electronic book prices.

While negotiations are still fluid, the settlement is expected to eliminate Apple's so-called "most favored nation" status, which had prevented the publishers from selling lower-priced e-books through rival retailers. Such a move would benefit Amazon, which had been the leading bargain e-book retailer with its Kindle reader who will once again be able to price some e-books below cost, to draw in shoppers - which is estimated to increase Amazon's revenues by over $1 billion in 2012.

While agency pricing itself is legal, the Justice Department believes that publishers may have colluded to implement it with e-book retailers. In its request to dismiss the private lawsuit, Apple said it individually negotiated separate vertical agreements with each of the publishers and it insisted on agency pricing because it had "no desire to incur the losses that would flow from retailing in such an environment."

Source: Reuters

More News Stories

Support BookBrowse

Become a Member and discover books that entertain, engage & enlighten!

Join Today!

Editor's Choice

  • Book Jacket
    All Tomorrow's Parties
    by Rob Spillman
    In this absorbing memoir, co-founder of Tin House magazine, Rob Spillman, recalls his artistic ...
  • Book Jacket: Strangers in Their Own Land
    Strangers in Their Own Land
    by Arlie Russell Hochschild
    Arlie Russell Hochschild's dive into the heart of Tea Party America is as good a glimpse of ...
  • Book Jacket: The Dry
    The Dry
    by Jane Harper
    After receiving a letter from his childhood friend's father, Aaron Falk, a Melbourne police officer ...

Book Discussion
Book Jacket
Victoria
by Daisy Goodwin

"A hit…The research is impeccable, the attention to detail, perfect." - The Sunday Mirror (UK)

About the book
Join the discussion!

First Impressions

  • Book Jacket

    Home Sweet Home
    by April Smith

    From the widely praised author of the FBI Special Agent Ana Grey series, a stunning novel set in the McCarthy era.
    Reader Reviews

  • Book Jacket

    I See You
    by Clare Mackintosh

    A dark and compelling thriller about an everyday woman trapped in the confines of her everyday world.
    Reader Reviews

Who Said...

There are two kinds of light - the glow that illuminates, and the glare that obscures.

Click Here to find out who said this, as well as discovering other famous literary quotes!

Word Play

Solve this clue:

K Your F C

and be entered to win..

Books that     
entertain,
     engage

 & enlighten

Visitors can view some of BookBrowse for free. Full access is for members only.

Join Today!

Your guide toexceptional          books

BookBrowse seeks out and recommends books that we believe to be best in class. Books that will whisk you to faraway places and times, that will expand your mind and challenge you -- the kinds of books you just can't wait to tell your friends about.