March 11, 2012
Inside the E-Book Price-Fixing Case
Suzanne McGee, The Fiscal Times
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.
TAGGED: Amazon, Barnes & Noble, Suzanne McGee, Apple Inc., Antitrust, E-Books