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Originally Posted by MikeB1972
That pretty much sums it up.
Amazon : We want a higher cut, while still selling at $10.
Hachette : No.
Then lots of posturing from both sides.
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No, not talking about the offer for bigger cut at $9.99 agency price, but back to wholesale. And a listprice so that Amazon can sell at $9.99 without having to pay more than $10.
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They were in court for colluding with other publishers and Apple, agency pricing is not illegal and they are within their rights to want it.
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Yes, agency pricing is what was illegal about the collusion. Technically the wording of the MFN clause that the Apple lawyers put in each contract and were arrogant enough to think they could get away with. Chances that they get away with it are looking really slim to none - have to wait and see. That in turn forced each publisher to bully Amazon into agency pricing as well. Not illegal yet, but it turned illegal price fixing by forcing higher prices on the consumer. So no, it was not agency pricing, but the scheme to screw over Amazon. And in turn customers.