US DOJ Sues Apple and Publishers Over Ebook Pricing

Bloomberg reports today that the United States has filed an antitrust lawsuit against Apple, Hachette, HarperCollins, Macmillan, and Penguin — publishers. After a year of investigations, the Department of Justice concluded that following Apple’s transition to an “agency model,” ebooks have become more expensive throughout the entire industry.

Some of the publishers mentioned above were ready to reach a settlement with the DOJ, though others like the Penguin Group would rather fight in court. Strangely, Apple and Macmillan both deny the accusations that they are responsible for an industry-wide price increase. However, Bloomberg reports that they refused to take part in a settlement talk with the DOJ arguing that their pricing protocol that has been set up between Apple and publishers has increased competition in the industry, which was previously lead by Amazon.

[Bloomberg]

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