Items tagged with author's guild
Three major publishers announced today that they'd agreed to settle a price-fixing case brought by the Department of Justice rather than face trial. The original lawsuit brought against the publishing houses alleged that they illegally colluded with Apple to raise e-book prices by forcing Amazon to adopt the so-called "agency model" of book pricing rather than the traditional wholesale / retail model used for virtually all other goods. Hachette, HarperCollins, and Simon & Schuster have all agreed to suspend the agency model for two years as it's applied to new e-books and to compensate consumers for the higher prices their illegal collusion created. The DOJ is continuing its case against...
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