Tag Archives: Price Fixing
Amazon, DOJ ask consumers to report coronavirus price gouging
Supreme Court rules against Apple in App Store price fixing case
Apple Fined $670,000 In Taiwan For Price Fixing
Judge orders Apple to stop making special pacts with e-book publishers
After plenty of tussling over the DoJ's proposed injunction against Apple, preventing it from striking untoward pricing deals with e-book publishers, a judge at the Southern District Court of New York has today laid down the law. The final injunction prevents Apple from setting prices with any of its partners for terms of between two and four years, with the exact term depending on which publisher it's working with and how long they originally took to settle with the DoJ -- which means Apple's relationship with Macmillan faces the harshest restriction.
Crucially, Apple also won't be able to make "most favored nation" pacts, in which e-book prices and discounts are set across a range of publishers or retailers. This particular bit of the injunction will last for five years -- a lengthy period of time in this industry, and one that can be extended by the court if it sees fit, but hardly the ten-year term that Apple's lawyers initially feared. Finally, another key clause prevents Apple from doing business with publishers behind closed doors. For the next two years, Cupertino will have to bring in an independent third party to serve as an "Antitrust compliance officer" in all deals. Sounds humiliating, perhaps, but again, given the relatively short duration, it could have been a lot worse.
Filed under: Apple
Source: NYSD Court
E-book publishers side with Apple, ask DoJ to scrap new price-fixing rules
Apparently Apple isn't the only company thinking the US Department of Justice's recently imposed remedies against it were "draconian." US publishers HarperCollins, Simon & Schuster, Penguin and others have also ganged up on the DOJ with a legal brief opposing the punitive restrictions. In it, they say the watchdog is "attempting to impose a specific business model on the publishing industry," despite assertions it wouldn't play that role. If you'll recall, Apple was recently found guilty of price-fixing following charges filed last year. Now, the Justice Department is trying to force Apple to end its current agreements with the publishers and let rival e-book retailers like Amazon link to their own online stores.
Apple earlier condemned the decision, saying it was "wildly out of proportion to any... wrongdoing or potential harm." The publishers added that it effectively punishes them by prohibiting the so-called agency model, which lets them set their own prices for e-books and other media. A similar affair was settled rather more amicably in Europe, meanwhile, when the same band of publishers agreed to allow other retailers to sell e-books cheaper than Apple does, if they so choose. Evidently, they feel the DOJ overstepped its bounds in the US and seem intent to back Apple to the bitter end.
Filed under: Apple
Source: AFP
Apple worked with Publishers to Fix e-book prices
Major Electronics Companies Find a Combined $1.92 Million for Price Fixing
EU regulators to accept Apple and book publishers’ offer of cheaper e-books
According to Reuters, EU regulators look likely to accept an offer from Apple and a handful of publishers, including Simon & Schuster, HarperCollins, Hachette Livre and Macmillan. The assembled publishers propose that they will allow retailers (including Amazon) to sell e-books cheaper than Apple currently does. The move will attempt to end the EU's anti-trust investigation that looked into the publishers' e-book pricing model that unfairly affected retailers' ability to compete with Apple's own electronic book collection.
Filed under: Apple
EU regulators to accept Apple and book publishers' offer of cheaper e-books originally appeared on Engadget on Tue, 06 Nov 2012 09:47:00 EDT. Please see our terms for use of feeds.
Permalink | | Email this | CommentsApple and publishers offer deal to put price fixing scandal behind them in EU
In the US, the e-book price fixing scandal appears to be winding towards its inevitable conclusion. Many of the publishers settled with the DOJ right off the bat, and now the states themselves have gotten three publishing houses to cough up $69 million in their own agreement. (Of course, Apple, Macmillan and Penguin have all decided to go the trial route, but we'll have to wait till next year to see how that plays out.) In Europe, the battle is still raging on, but Reuters is reporting that the accused are offering concessions in a bid to put the antitrust allegations behind them. The only name missing from the list is Penguin, which may or may not be part of the plea deal. Not all the details of the proposals have been revealed yet, and there's no guarantee the commission will accept them. The heart of the settlement, however, would involve allowing Amazon to sell e-books at a discounted price for two years. Would cheaper Kindle books be good, clean fun for the whole family? Sure, but it certainly pales in comparison to the potential penalties if Apple and their publishing partners go to trial.
Filed under: Apple
Apple and publishers offer deal to put price fixing scandal behind them in EU originally appeared on Engadget on Fri, 31 Aug 2012 10:36:00 EDT. Please see our terms for use of feeds.
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