Macmillan on Friday became the last of five major publishers to settle a lawsuit over the pricing of ebooks originally filed by the U.S. Department of Justice (DOJ) and 15 states in April 2012. In an email addressed to “Authors, Illustrators and Agents” Macmillan CEO John Sargent wrote that he believed the company had done nothing wrong and could still win the case, but the risk of losing the legal battle had become too high.
Pending the approval of U.S. District Judge Denise Cote, $69 million will be awarded to consumers who purchased agency-priced ebooks between April 2010 and May 2012, as part of a proposed settlement of a state antitrust suit filed against HarperCollins, Hachette SA, and Simon & Schuster. Led by the Attorneys General of Connecticut and Texas, 49 states (excluding Minnesota) and 5 U.S. territories had accused the publishers of conspiring to fix ebook prices.
In a memo filed this week with the Southern District Court of New York, Apple has refused a proposed settlement with three book publishers, and has said that it will instead seek a trail in the antitrust case pressed by the U.S. Department of Justice (DOJ). The DOJ initially sued Apple, Hachette SA, HarperCollins, Macmillan, [...]
Library DVD borrowing has fallen sharply during the past year, and library users are rapidly migrating toward streaming services for both music and movies, according to the July 2012 edition of LJ’s Patron Profiles, which examines trends in Media Consumption and Library Use. DVDs are the top format for films loaned by libraries, and 27 percent of respondents said that libraries remain their primary source for movies—down from 36 percent in the first Patron Profiles survey, conducted less than a year ago. “A strong indicator of the changing media landscape is the rise of streaming and disc-by-mail services—both currently dominated by Netflix,” the report states.
Yes, you read that right: Barnes & Noble filed a document with the court in the Department of Justice (DoJ)’s ebook pricing antitrust case, despite not being a party to it. In its filing, the bookseller said the DoJ’s proposed settlement would “injure innocent third parties, including Barnes & Noble, independent bookstores, authors, and non-defendant [...]
U.S. District Court judge Denise Cote denied a motion by Apple, Penguin, and Macmillian to dismiss a civil class action suit that alleges Apple and the major publishers colluded to set ebook prices. The-56 page court document explains the standard of proof Judge Cote applied, saying that the court “may not properly dismiss a complaint [...]
The Department of Justice’s ongoing investigation of Apple and five major publishers could reach a conclusion as early as this week, according to Bloomberg. The department is looking into whether the publishers and Apple violated antitrust laws when they decided to adopt the “agency model” of ebook pricing. Apple, Penguin and Macmillan are prepared to [...]