Quote:
Originally Posted by TimW
"Consumer rights and antitrust law firm Finkelstein Thompson has filed a class action complaint in a U.S. District Court for the Southern District of New York, against Apple and the “big six” book publishers alleging a conspiracy to fix eBook prices. This is the second class action complaint to hit these companies this month."
Edit: Random House is included in this lawsuit, unlike the lawsuit in CA. |
hmmm, will the Agency 6, Agency 5 in the case of California, attorneys collude together in defending their individual clients? Note--this is a joke of a sort. Though it will be interesting is any of the entities beg off being sued individually. I even wonder if Jobs agreed to pay all legal fees before acting as the catalyst in this debacle.
Also of interest to me is the commission rate paid by the publishers is exactly equal to the iTunes store fees for iOS apps. Why not 25% or 35%? I wonder if the reason Jobs was said to look perturbed after a meeting with publishers right before the iPad announcement and new Agency pricing was announced was Jobs wanted a 35% cut so he could hike up the iOS fees. I just see this all as a very contrived plan by the major players with Jobs looking to find a way to exclude competition from the iTunes store withing doing it overtly.
Far as I'm concerned they can all go pound sand. I'm happy with the stack of books I'll not finish before I die. Plus, to be honest I don't see many current authors I want to pay money to read anyway. I buy far more back catalog titles than new releases. Not sure it revolves around Agency pricing or not but I can say that model sure does not help make me want to buy newer books. I am even less likely to try a new author even with good reviews because I have been disappointed far more than pleased based on what seem to be reasonable reviews both pro and con.