Readers upset at paying more than $10 for an ebook could soon rejoice: The days of the $14.99 ebook may be numbered.
When the Department of Justice announced that several publishers had settled a lawsuit that alleged ebook price-fixing, which would eventually give ebook retailers pricing control that they didn’t have before, an Amazon spokesperson said, “This is a big win for Kindle owners, and we look forward to being allowed to lower prices on more Kindle books.”...
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Ebook pricing and the DOJ. What's it all mean?
October 5, 2012
From Publishing Business Today
Nothing cast a pall over the publishing world like news of the Department of Justice's ebook price fixing case against Apple and five of the big six publishers. While Apple, Penguin and Macmillan aren't slated to go to court until 2013, Hachette, Simon & Schuster, and HarperCollins have already settled, and the effects are already being felt.
What will this all mean? How and why did the case come about? And what can publishers do once the verdict is reached?