Quote:
Originally Posted by Elfwreck
What "cost savings?" This was after publishers insisted on stores not being allowed to sell ebooks for $10. That was "devaluing books"--even though a lot of us never pay more than $8 for a book because we buy paperbacks. So a lot of customers saw prices rise, not fall, with agency pricing. The distributor got squeezed, and customers got squeezed; no "savings" were passed along anywhere.
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Correct.
The US Justice Dept took note and acted.
Even though all the conspirators got was a wrist-slap in the US and a scolding in Europe, they both frowned upon the blatant price-fix rip-off.
So the big publishers got the message: they need to be more subtle in their rip-offs.
Like raising ebook prices another 10% (above agency) so retailers can "discount" up to 10%.
Yes, publishers are our friends.
Just like the Visitors.