Taking a Look at Fixed Book Price in Foreign Book Markets
Earlier this year, France made publishing news headlines when its court ruled ebook subscription services like Kindle Unlimited illegal. The law cited was the Lang Law, which gives publishers the exclusive right to set the price of a book. Retailers are not allowed to discount more than 5 percent from this set price.
You may be thinking, A measly 5 percent? Here in the United States, we're used to seeing 50 percent or more slashed off our books. Price fixing in general is regarded as suspect and is, in fact, legally so.