Christian Retailing

NEWSLETTERS Current Issue Macmillan settles price-fixing suits on e-books
Macmillan settles price-fixing suits on e-books PDF Print E-mail
Written by Eric Tiansay   
Friday, 15 February 2013 11:49 AM EST

Macmillan has struck a deal to settle a lawsuit brought by Connecticut and 32 other states that alleges the publisher was involved in price-fixing e-books.

Connecticut Attorney General George Jepsen said the deal grants e-book retailers greater freedom in pricing the digital books and provides $12 million to compensate affected customers.

In another case, the U.S. Department of Justice (DOJ) reached a settlement with Macmillan last week in its civil antitrust lawsuit accusing the nation's five largest book publishers of colluding with Apple to raise e-book prices.

Announced Feb. 8, the settlement, in which Macmillan agreed to pay up to $20 million, leaves Apple as the only defendant standing against the federal government's charges that the computer giant conspired with several publishers to force e-book prices several dollars above the $9.99 charged by Amazon.com on its Kindle device.

Under Macmillan's settlement with the DOJ, the publisher will remove restrictions on discounting and other promotions by e-book retailers. It will also be prohibited from forging new agreements with similar restrictions until December 2014, Associated Press reported.

"We settled because the potential penalties became too high to risk even the possibility of an unfavorable outcome," Macmillan CEO John Sargent wrote in an online letter to authors, illustrators and agents. "Our company is not large enough to risk a worst-case judgment."

The Justice Department, which filed the suit in April 2012, settled with Hachette Book Group, HarperCollins Publishers, Simon & Schuster and Penguin Group (USA) last year. The trial against Apple is scheduled to begin in June.

 

In this current issue:

Thom Rainer: LifeWay faces 'hinge moments'

News image

LifeWay Christian Resources is facing "hinge moments" and decisions that...

READ MORE

Virginia shooting ‘frightening’ for Christian retailer

News image

One local Christian retailer experienced “a frightening morning” early Wednesday...

READ MORE

Parable Group, InspireHub help churches

News image

The Parable Group has partnered with InspireHub Inc. to reach...

READ MORE

Erica Campbell, Sadie Robertson to host Dove Awards

News image

The Gospel Music Association (GMA) announced today that five-time GRAMMY...

READ MORE

Kingstone releases Christian comics app

News image

Kingstone Media announced today the launch of a new Kingstone...

READ MORE

Publisher expects Message Bible to reach young Catholics

News image

ACTA Publications and Tyndale House Publishers have partnered together and...

READ MORE

Chris Tomlin sells out Madison Square Garden

News image

Chris Tomlin saw a longtime vision come to life last...

READ MORE

Bible Society Australia acquires Koorong

News image

Bible Society Australia announced Tuesday the acquisition of Koorong, Australia’s...

READ MORE

Blackford Capital acquires Dickinson Press

News image

Dickinson Press, a full-service book manufacturer and printing services provider,...

READ MORE

New TobyMac album tops Christian charts

News image

TobyMac’s latest album, This Is Not a Test (Capitol Christian...

READ MORE

Bevere book debuts at No. 1 on Amazon list

News image

John Bevere’s Good or God? Why Good Without God Isn’t...

READ MORE

New Day presents redesigned VeggieTales products

News image

New Day Christian Distributors announced Tuesday the first line of VeggieTales...

READ MORE
100%
-
+
0
Show options

a