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  1. Steerpike

    Steerpike Felis amatus Contributor

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    Apple Loses E-Book Antitrust Case

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

  2. erebh

    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

    Steerpike Felis amatus 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

    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

    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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