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Old 04-06-2012, 04:52 PM   #1
afv011
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Apple and publisher pals hold up US and EU watchdogs

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While Simon & Schuster, HarperCollins and Hachette Book Group are all keen to reach an agreement with regulators in the US and EU, Penguin, Macmillan and Apple are all reluctant to shake hands on the terms sought, people familiar with the matter let slip to the Wall Street Journal.
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Old 04-06-2012, 05:20 PM   #2
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The one abusing the agency model the most, the one that forced Amazon to accept the agency model, and the one who thought up the agency model. No surprises there.
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Old 04-06-2012, 05:24 PM   #3
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Which of those three will be the first to give up?
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Old 04-06-2012, 09:13 PM   #4
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Originally Posted by RainingLemur View Post
Which of those three will be the first to give up?
They will probably stick to their guns, I'd say. It is after all better for the pockets, isn't it? At least it's good that they're being investigated.
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Old 04-08-2012, 12:22 AM   #5
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Will they be punished for their illicit activities?
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Old 04-08-2012, 05:37 AM   #6
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I'd be very, VERY surprised if, if found guilty of acting as a price-fixing cartel, they weren't heavily fined by the EC. The Commission has a long history of imposing stiff fines on companies who do this. They could impose a fine of up to 10% of each company's global turnover. This has been done to a number of car manufacturers who were found guilty of price fixing.

Last edited by HarryT; 04-08-2012 at 07:10 AM.
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