U.S. Justice Department Sues e-Book Publishers
April 13, 2012
Earlier this week, news broke that the U.S. Justice Department is suing a number of major publishers, including Apple, for conspiring to raise the price of e-books. Ultimately, the Justice Department charges that the publishers and Apple conspired to limit e-book price competition, increasing overall e-book retail prices, and causing “consumers to pay tens of millions of dollars more for e-books than they otherwise would have paid.”
But there is much more to this story! Yes, this means immediate lower e-book prices for the consumer, but you have to question a decision that is opposed by the American Booksellers Association, the Authors Guild and which allows Amazon to regain the upper hand.
If you aren’t sure what any of these means, or why it matters, check out this short blog post by Anna deVries. She does an excellent job summarizing the current situation.