Tuesday, December 18, 2012

Penguin settles with US government in ebook price-fixing case

50 shades of grey kindle

Book publisher Penguin has just settled with the US Department of Justice over an ongoing ebook price-fixing lawsuit. That leaves only Apple and publisher Macmillan out of the original defendants; Harper Collins, Simon & Schuster, and Hachette all finalized a settlement back in September. Like the other publishers, Penguin will terminate its agreement with Apple and other ebook retailers and will be constrained for two years from entering into any agreements that limit retailers' abilities to offer promotions or discounts on Penguin's ebooks.


While Macmillan and Apple appear to still be holding out, there's a chance they could settle sooner or later — both parties settled a similar price-fixing investigation with Europe in early...


Continue reading…






via The Verge - All Posts http://www.theverge.com/2012/12/18/3782024/penguin-settles-with-us-government-in-ebook-price-fixing-case

No comments:

Post a Comment