Yesterday the Justice Department and 15 states sued Apple Inc. and major book
publishers ( Hachette, Harper Collins, Simon & Shuster, Holtzbrinck Publishers, Macmillan, Penguin Group) Wednesday, alleging a conspiracy to raise the price of
electronic books they said cost consumers more than $100 million in the
past two years by adding $2 to $5 to the price of each e-book.
Attorney General Eric Holder said executives at the highest levels of
the companies conspired to eliminate competition among e-book sellers.
Justice's antitrust chief Sharis Pozen said the executives were
desperate to get Amazon.com, marketer of the Kindle e-book reader, to
raise the $9.99 price point it had set for the most popular titles,
which was substantially below their hardcover prices.
The government reached a settlement with three of the publishers,
Hachette, HarperCollins and Simon & Shuster. But it will proceed
with its lawsuit in federal court in New York City against Apple and
Holtzbrinck Publishers, doing business as Macmillan, and The Penguin
Publishing Co. Ltd., doing business as Penguin Group.
Will we finally see an end to those quirky little notes by prices on Amazon (PRICE SET BY PUBLISHER)? or will it cause a general price in crease across the board?
We'll see!!
Thursday, April 12, 2012
Wednesday, March 28, 2012
Good Morning peoples!!!
As you can see this site is under construction right now. We're knocking out walls, adding a splash of paint and creating something new for you.
Over the next several days we'll continue to make this site something special for everyone. So, bear with us. Thank you for stopping by and see you soon!
Ashley and Jarek
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