Categories
Haahah Apple being sued for anti-trust
Stoned_Catz
Posts: 34,915 jayfacer
you fagz that buy Apple products, ive been sayin it all along you fagz are gettin bent over for $$$
Apple, major publishers hit with federal antitrust lawsuit over e-book pricing
Apple and several of the nation's largest book publishers were hit with a federal antitrust lawsuit on Wednesday for allegedly colluding to fix e-book prices.
According to the complaint, filed by the U.S. Department of Justice, at least five publishers—Simon & Schuster, HarperCollins, Hachette, Penguin and Macmillan—conspired with Apple to fix prices for e-books ahead of the 2010 launch of the iPad tablet and iBookstore, forcing Amazon to raise prices for e-books on the rival Kindle.
Simon & Schuster, HarperCollins and Hachette have already settled with the Justice Department. According to Bloomberg, Apple and Macmillan "have refused to engage in settlement talks" and "deny they colluded to raise prices for digital books." Penguin plans to fight the lawsuit too, Bloomberg said.
Before the iPad came along, publishers had complained that Amazon's $9.99 price for e-books was too heavily discounted. When the iPad made its debut, most e-books sold by Apple were priced at $12.99, with the Cupertino, Calif.-based company allowing publishers to set their own prices—known as the "agency model." Amazon soon allowed publishers to set their own prices, too, driving up the prices of digital editions.
"Apple facilitated the [publishers'] collective effort to end retail price competition by coordinating their transition to an agency model across all retailers," the suit alleges.
A class action lawsuit filed in California District Court last summer by Kindle consumers was the first to allege a conspiracy, CNNMoney.com noted. According to that suit, "booksellers were 'terrified' by the discounted e-book price structure Amazon launched in 2007." The "spooked publishers" colluded with Apple to force Amazon's hand.
Apple, major publishers hit with federal antitrust lawsuit over e-book pricing
Apple and several of the nation's largest book publishers were hit with a federal antitrust lawsuit on Wednesday for allegedly colluding to fix e-book prices.
According to the complaint, filed by the U.S. Department of Justice, at least five publishers—Simon & Schuster, HarperCollins, Hachette, Penguin and Macmillan—conspired with Apple to fix prices for e-books ahead of the 2010 launch of the iPad tablet and iBookstore, forcing Amazon to raise prices for e-books on the rival Kindle.
Simon & Schuster, HarperCollins and Hachette have already settled with the Justice Department. According to Bloomberg, Apple and Macmillan "have refused to engage in settlement talks" and "deny they colluded to raise prices for digital books." Penguin plans to fight the lawsuit too, Bloomberg said.
Before the iPad came along, publishers had complained that Amazon's $9.99 price for e-books was too heavily discounted. When the iPad made its debut, most e-books sold by Apple were priced at $12.99, with the Cupertino, Calif.-based company allowing publishers to set their own prices—known as the "agency model." Amazon soon allowed publishers to set their own prices, too, driving up the prices of digital editions.
"Apple facilitated the [publishers'] collective effort to end retail price competition by coordinating their transition to an agency model across all retailers," the suit alleges.
A class action lawsuit filed in California District Court last summer by Kindle consumers was the first to allege a conspiracy, CNNMoney.com noted. According to that suit, "booksellers were 'terrified' by the discounted e-book price structure Amazon launched in 2007." The "spooked publishers" colluded with Apple to force Amazon's hand.
[-(
blue turbins
From Those Fishes - I Fingered An Old Bitch (i got Aids on my finger)
Comments
[-(
blue turbins
From Those Fishes - I Fingered An Old Bitch (i got Aids on my finger)
I've only bought one e-book from Apple and at the time it was priced the same on amazon.
[-(
blue turbins
From Those Fishes - I Fingered An Old Bitch (i got Aids on my finger)
In a statement to All Things D, Apple spokesman Tom Neumayr:
"The DOJ’s accusation of collusion against Apple is simply not true. The launch of the iBookstore in 2010 fostered innovation and competition, breaking Amazon’s monopolistic grip on the publishing industry. Since then customers have benefited from eBooks that are more interactive and engaging. Just as we’ve allowed developers to set prices on the App Store, publishers set prices on the iBookstore."
Legal experts commenting on the case said the Justice Department has a steep hill to climb to catch Apple on antitrust charges. Some experts suggest that even amid claims that the publishers met to discuss a shift to an agency model being championed by Apple, the publishers may not be found guilty of antitrust violations.
Seems like the gov is finally taking action to protect consumers from monster corporations. With the lawsuit to block AT&T and T-Moblie merger and now Antitrust against Apple. i can't believe i'm saying this but the Gov did something right for a change
incorrect...
the Gov is about money and Sueing Corps for Anti-trust means Gov pockets money... just like Enron or Madoff the GOV got money but the people that got ripped off took it in the ass
[-(
blue turbins
From Those Fishes - I Fingered An Old Bitch (i got Aids on my finger)
[-(
blue turbins
From Those Fishes - I Fingered An Old Bitch (i got Aids on my finger)