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Originally Posted by fjtorres
Those poor put-upon victims of the Feds have so far paid $166M dollars for their two year run of price fixing.
From Publisher's Weekly:
Note that the way the "reparations" will be paid is a credits for future ebook purchases so they'll get the money right back.
As expected, they got off easy, though you'd never believe it to hear them whine about getting a wrist slap.
Glass tower crime pays off, again. |
Or blaming their business problems on the "DoJ being in their shorts". It's such a burden to deal with law enforcement .... after you broke the law.
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I offered the advice some time ago that publishers should raise their author royalties as insulation against being hit up for margin by the retailers. At the time, one major publisher CEO said to me that there was merit in the advice I was giving, but it was “pretty hard to make changes like that with the DoJ in your shorts”. So perhaps we’ll see some overt moves to raise that 25% ebook royalty rate sometime soon since the DoJ problem seems to be in the past.
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www.idealog.com/blog/publisher-margins-today-may-be-enviable-but-it-will-be-a-big-challenge-to-keep-them-that-way/