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

One-Month Free Membership

Discover your next great read here

Join Today!

Editor's Choice

  • Book Jacket: Goodbye Days
    Goodbye Days
    by Jeff Zentner
    Guilt can be a heavy burden for anyone to manage, but it's especially difficult for teenagers. ...
  • Book Jacket: The Twelve Lives of Samuel Hawley
    The Twelve Lives of Samuel Hawley
    by Hannah Tinti
    Hannah Tinti follows her spectacular 2008 debut, The Good Thief, with a novel of uncommon ...
  • Book Jacket: Music of the Ghosts
    Music of the Ghosts
    by Vaddey Ratner
    Music of the Ghosts is about healing and forgiveness, but it is also about identity and the revival ...

Book Discussion
Book Jacket
The Nest
by Cynthia D'Aprix Sweeney

A funny and acutely perceptive debut about four siblings and the fate of their shared inheritance.

About the book
Join the discussion!

First Impressions

  • Book Jacket

    Manderley Forever
    by Tatiana de Rosnay

    Bestselling author Tatiana de Rosnay pays homage to Daphne du Maurier.
    Reader Reviews

  • Book Jacket

    The Stars Are Fire
    by Anita Shreve

    An exquisitely suspenseful novel about an extraordinary young woman tested by a catastrophic event.
    Reader Reviews

Who Said...

Common sense is genius dressed in its working clothes.

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

Word Play

Solve this clue:

Y S M B, I'll S Y

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.

 
Modal popup -