News Apple, Authors Guild Head React to U.S. Antitrust Suit
posted on 2012-04-14 00:06 EDT
The industry news source Publishers Weekly reported on Friday that Apple and Authors Guild president Scott Turow have reacted to the civil antitrust suit filed by the Department of Justice against Apple and publishers. Both Apple and Turow assert that Amazon.com, a competitor to Apple in the digital publishing front, was a "monopoly" before Apple introduced its iBookstore platform. Turow added that Amazon is only lowering its prices "only as long as it takes Amazon to re-establish its monopoly."
The U.S. Department of Justice filed the lawsuit on Wednesday against Apple and the publishers Hachette Book Group, Simon & Schuster, Penguin Group, HarperCollins and Macmillan. The suit charges the companies with colluding to raise e-book prices through the use of the "agency model," where publishers, not booksellers, set book prices. According to reports, Simon & Schuster, Hachette Book Group, and HarperCollins have agreed to settle with the Department of Justice.
Source: Publisher's Weekly
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