Publishers object to agency ban in proposed Apple remedy | iLounge News

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Publishers object to agency ban in proposed Apple remedy

The five major U.S. publishers that settled with the U.S. government prior to trial are objecting to the U.S. Department of Justice’s proposed remedy for Apple’s e-book price fixing, The Wall Street Journal reports. In a court filing, publishers said eliminating the “agency model” for five years as proposed would harm the publishers instead of Apple, since publishers were given the ability to set the retail prices for e-books under the model. The publishers — Simon & Schuster, Penguin Random House, Macmillan, Hachette, and HarperCollins — all settled with the government before a price fixing trial, while Apple went to court and was subsequently found guilty of fixing e-book prices. Apple has spoken out against the DOJ’s proposal, calling it a “draconian and punitive intrusion.”

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Comments

1

“Please Mr Judge! Give us back our closed-door monopoly. Without it, we can’t gouge customers!”

My heart bleeds for them. Not. At. All.

Posted by Arithon on August 8, 2013 at 7:22 AM (PDT)

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