Thread: Death of the agency model?
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Old 04-05-2012, 05:09 PM   #89
stonetools
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Quote:
The Justice Department is nearing a settlement with publishers over allegations of ebook pricing, but finalizing the deal is proving problematic as Apple and two publishers are balking at the terms of the deal. Amazon will be permitted to once again discount ebooks to its customers as a result.

Penguin Group and Macmillian have joined Apple in resisting the settlement, the Wall Street Journal reports. The deal voids the contracts Apple signed with publishers in 2010, and permits a return to "wholesale pricing", where the retailer determines the price.
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The article goes on to say that Apple might leave the ebook business altogether if agency pricing goes.The settlement also talks of " a "cooling off" period before the publishers could continue existing deals with retailers."

What does all this mean? Blamed if I know. I guess we have to wait a few more weeks.
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