U.S. Justice Department Climbs Aboard E-Book Antitrust Investigation
December 8, 2011 10:11 AM
comment(s) - last by
Very few details were provided regarding the investigation in the hearing, other than that the probe would look into possible anticompetitive practices in the way of e-book sales
Earlier this week, it was discovered that the
European Commission had launched an antitrust investigation
to determine if international e-book publishers were taking part in anticompetitive practices, and now the U.S. Justice Department is jumping onboard the investigation as well.
The European Commission's investigation specifically targets five e-book publishers who may have been practicing anticompetitive tactics with the help of Apple and its e-book store iBooks. The five publishers in question are Hachette Livre (
Lagardère Publishing France), Harper Collins (News Corp., U.S.A.), Simon & Schuster (CBS Corp., U.S.A.),
(Pearson Group, United Kingdom) and Verlagsgruppe Georg von Holzbrinck (owner of inter alia Macmillan, Germany).
Now, the U.S. announced its involvement in the e-books investigation at a Judiciary Committee hearing on Wednesday.
Very few details were provided regarding the investigation in the hearing, other than that the probe would look into possible anticompetitive practices in the way of e-book sales.
Also, the U.S. is
roping Amazon into its investigation
as well. According to reports, Attorneys general in Connecticut and Texas are looking into whether e-book retailers like Amazon and Apple are using pricing tactics that are "harmful to consumers," mainly referring to the e-book industry's switch from a wholesale model, where retailers set the price of e-books, to an agency model, where publishers set the price of e-books.
Back when Amazon was one of the only e-book retailers in town with its Kindle, e-books were set at a price of $9.99. But since other competition, such as Apple's iBooks on its iPad, came to the table, bestselling e-book prices have risen to $14 and up.
The Los Angeles Times
This article is over a month old, voting and posting comments is disabled
RE: Gottal Love the "American" Market
12/8/2011 1:30:11 PM
Wow, that sounds completely logical as well as legitimate. The publishers can really set whatever price they want. It's the customers that decide whether the price is reasonable. I've certainly been disappointed by ebook pricing given the restrictions that are imposed on your purchase.
Personally, I'd like to see more authors independently selling their ebooks and prices falling around $5/book. We need to cut the greedy, unnecessary middle men out. Same goes for music.
"If you can find a PS3 anywhere in North America that's been on shelves for more than five minutes, I'll give you 1,200 bucks for it." -- SCEA President Jack Tretton
European Commission Targets Apple, Publishers in E-Books Antitrust Probe
December 6, 2011, 12:55 PM
Penguin Group Restores Kindle E-Book Lending Until End of the Year
November 24, 2011, 9:30 AM
Authors Guild: Amazon's Kindle Owners' Lending Library is "Nonsense"
November 16, 2011, 12:35 PM
Xbox One's Release Date in China Set for September 23
July 30, 2014, 1:15 PM
Chinese OEM KingSing Launches $99 Windows 8.1 Tablet with 3G Connectivity
July 30, 2014, 11:04 AM
Samsung Sees Decline in Share, Shipments in a Growing Smartphone Market
July 30, 2014, 9:43 AM
UK Drivers Must Now Give Their Cell Phones to Police After a Crash
July 29, 2014, 4:37 PM
Ford to Switch 3,300 Employees from BlackBerries to Apple iPhones by Year's End
July 29, 2014, 2:08 PM
Quick Note: Hilton Hotels to Use Smartphones as Room Keys, for Check-In/Check-Out
July 29, 2014, 12:53 PM
Most Popular Articles
Facebook Will Force Android, iOS Users to Use Messenger App This Week
July 29, 2014, 11:26 AM
Sony's Xperia Z3 Gets Detailed in Leaked Photos
July 25, 2014, 2:30 PM
Ford's Extensive Use of Aluminum in '15 F-150 Results in $395 Increase for Base Models
July 28, 2014, 3:02 PM
Report: Apple to Launch 12" Retina MacBook Air, 4K Desktop Product Later this Year
July 24, 2014, 4:33 AM
Pentagon's Priciest Project, F-35, Misses International Debut
July 25, 2014, 10:18 AM
Latest Blog Posts
Space Terrorism is a Looming Threat For the United States
Apr 23, 2014, 7:47 PM
Facebook Aims to Provide Internet to "Every Person in the World" with Drones, Satellites
Apr 1, 2014, 10:20 AM
Retail Mobile Sites Experience Outages in Light of Simplexity's Bankruptcy
Mar 14, 2014, 8:48 AM
Tesla vs. BMW: Who Has the Safer EV?
Feb 1, 2014, 2:56 PM
Justice Leaks Details of Next HTC One Two Flagship Phone
Dec 5, 2013, 4:04 PM
More Blog Posts
Copyright 2014 DailyTech LLC. -
Terms, Conditions & Privacy Information