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[ZDNet] DoJ sues Apple, publishers in e-book price fixing antitrust suit  

post #1 of 3
Thread Starter 
Quote:
Originally Posted by ZDNet 
The U.S. Department of Justice is suing Apple and five major international publishers for allegedly conspiring to fix — and subsequently increasing — the price of e-books in a bid to push Amazon and other e-book sellers.

Bloomberg said an antitrust suit has been filed in a New York district court. Attorney General Eric Holder confirmed the news a short while ago in a speech in Washington D.C., and outlined how the publishers would settle, but not without a catch.

...The ‘agency’ model started in 2010 after publishers wanted Amazon to increase the prices of e-books on its online store. Amazon said that anything above $9.99 was “too high”, but gave in after many books were pulled from its retail site.

Source Article: HERE

I think we all knew that this corporate giant would be at the forefront of all of this.

I mean after all, they "innovated" ebooks. rolleyes.gif (I guess "innovation" is when you take an actual innovation and make it cost 5-6 dollars more than it should?)

Apple denys the allegations instead trying to pass the buck in a statement release to the Los Angeles Times stating:
Quote:
Originally Posted by Apple spokesman Tom Neumayr 
"The DOJ's accusation of collusion against Apple is simply not true. The launch of the iBookstore in 2010 fostered innovation and competition, breaking Amazon's monopolistic grip on the publishing industry."

Continued from an excerpt from the LA Times:
Quote:
Originally Posted by Los Angeles Times 
On Wednesday, federal and state officials filed several antitrust lawsuits against the companies and said former Apple Chief Executive Steve Jobs was a key player in the conspiracy to drive up the prices of digital books.

Jobs helped orchestrate a complex price-fixing plan that cost consumers tens of millions of dollars over the last two years by boosting the price of many new releases and bestsellers by $3 to $5 each, federal investigators said. Apple even proudly described the maneuver -- which gave the iPad maker a guaranteed 30% commission on each e-book sold through its online marketplace -- as an "aikido move," referring to the Japanese martial art, according to the lawsuit.

Digging Apple a deeper hole, a Telegraph.Co.Uk Article describes a fishy picture:
Quote:
Originally Posted by Telegraph.co.uk 
According to DoJ filings lodged in a Manhattan Court, in September 2008 and January 2009 the chief executives of the five publishers met for a series of dinners in a private room at an upmarket New York restaurant, where they are alleged to have discussed "business matters".

On a separate occasion, they met with a sixth publisher, again in a private dining room, where the DoJ claims they "discussed the growth of e-books and complained about Amazon's role in that growth".

Not long after, in 2010, the five publishers accused of colluding with Apple signed up to the so-called "agency model" of pricing, under which they dictate the price of an ebook as long as they give 30pc of the revenues to the retailer.

Coincidence? I think not.

No Apple hate included. Your mileage may vary *mr

Edit: TL;DR I don't understand version available HERE
Edited by MediaRocker - 4/13/12 at 12:18pm
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post #2 of 3
a thread is already up about this
http://www.overclock.net/t/1241819/tv-us-sues-apple-and-publishers-over-ebook-pricing/0_50
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post #3 of 3
Thread Starter 
Sorry, I used the search function and nothing came up... A bunch of irrelevant posts that don't even match my keywords come up...
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Overclock.net › Forums › Industry News › Software News › [ZDNet] DoJ sues Apple, publishers in e-book price fixing antitrust suit