March 11, 2012

Inside the E-Book Price-Fixing Case

Suzanne McGee, The Fiscal Times

Send to a Friend

So, you’ve just finished watching Scarlett Johansson in the film version of “Girl with a Pearl Earring," and decide that you want to read the book by Tracey Chevalier on which it was based. You log on to Amazon.com and discover that while you can order a paperback copy for $10.20, downloading the book onto your Kindle – which means you only own the right to read it, not the book itself; you can’t lend it, give it away or resell it when you’re done – will cost you $12.99. How, you wonder, can you end up paying more for less? Then you spot the small print – “This price was set by the publisher."

The Justice Department also has been paying attention to that small print, it seems.

Read Full Article ››

TAGGED: Amazon, Barnes & Noble, Suzanne McGee, Apple Inc., Antitrust, E-Books

RECOMMENDED ARTICLES

September 30, 2012
Why J.K. Rowling's New E-Book Is $17.99
Laura Hazard Owen, TIME
Soon enough, retailers will be able to sell the ebook edition of The Casual Vacancy for $9.99 or whatever price they want. But tomorrow, when the ebook goes on sale, and for several weeks after that, customers will be... more »
October 4, 2012
Investors: 2nd Class Status, 2nd Rate Returns
Suzanne McGee, TFT
September 27, 2012
A Kickstarter for IPOs: Buyers Beware
Suzanne McGee, The Fiscal Times