1. Steerpike
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    Steerpike Felis amatus Supporter Contributor

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    Apple Loses E-Book Antitrust Case

    Discussion in 'The Lounge' started by Steerpike, Jul 10, 2013.

  2. erebh
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    erebh Contributing Member Contributor

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    It's not just Apple - if they were guilty of price fixing - they had to have co-conspirators and this paragraph is copied and pasted from
    http://www.thejournal.ie/apple-guilty-price-fixing-986990-Jul2013/

    Among the publishers settling the case, the largest was with Penguin for $75 million, while a settlement with Hachette, Harper Collins and Simon & Schuster created a $69 million fund for refunds to consumers. Macmillan settled for $26 million.

    I love seeing the big boys taken down a few notches especially when they are caught conning the punter on the street and they come much bigger!
     
  3. Steerpike
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    Steerpike Felis amatus Supporter Contributor

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    Yes, good point erebh. The court found that Apple really facilitated the whole thing, but the publishers were certainly involved, and they all settled prior to trial.
     
  4. TerraIncognita
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    TerraIncognita Aggressively Nice Person Contributor

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    It's a mess to be sure. I'm curious to see how this all pans out.
     
  5. erebh
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    erebh Contributing Member Contributor

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    That's 170 MILLION dollars they have conned Joe Public by - this money is put into a fund for people to come forward and say they bought a book at the 'illegally fixed' price and then claim a 2 dollar refund.

    And these are the people we, as authors, are begging to take on and publish our books, for a pittance - laughable but they have all the power obviously.
     

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