6 Replies Latest reply on Apr 18, 2012 1:01 PM by deesy58

    Retail price controls suspended for 2 years for 3 publishing houses

    Doug_Pardee

      AlanNJ mentioned this in another thread, but I think it needs its own.

       

      The Department of Justice has reached a settlement with Hachette, HarperCollins, and Simon&Schuster. The publishing houses have agreed not to attempt to control retail pricing on e-books for the next two years. The retailers lose the Most Favored Nation clauses in their contracts. The publishers also agreed not to enter into collusion (duh).

       

      Settlement is pending approval of the court.

       

      No surprise, Penguin and Macmillan have not settled, and DoJ has gone ahead and filed a suit against them and Apple.

       

      Official announcement from DoJ: http://www.justice.gov/iso/opa/ag/speeches/2012/ag-speech-1204111.html