Wednesday, August 10, 2011

Class Action Suit Over eBooks Pricing

Apple and publishers being sued over what some say amounts to price fixing of eBooks.

This from Galley Cat;

Here’s more about the suit, from the law firm: “While free market forces would dictate that e-books would be cheaper than their hard-copy counterparts, considering lower production and distribution costs, the complaint shows that as a result of the agency model and alleged collusion, many e-books are more expensive than their hard-copy counterparts. According to the complaint, the prices of e-books have risen as much as 50 percent since the switch to an agency model.”

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