Wednesday, 11 April 2012

DOJ files antitrust suit against publishers, Apple

Publishers Weekly reports that the US Department of Justice has filed an antitrust lawsuit against Apple and publishers Hachette Book Group, Simon & Schuster, Penguin Group, HarperCollins and Macmillan, charging them with colluding to raise e-book prices. The complaint, filed in the US District Court for the Southern District of New York, states that "by the end of 2009... the Publisher Defendants had concluded that unilateral efforts to move Ama zon away from its practice of offering low retail prices would not work, and they thereafter conspired to raise retail e-book prices and to otherwise limit competition in the sale of e-books. To effectuate their conspiracy,the Publisher Defendants teamed up with Defendant Apple, whichshared the same goal of restraining retail price competition in the sale of e-books."

No comments: