Attorney General Eric Holder Speaks at the E-books Press Conference Washington, D.C. - ... - 0 views
www.justice.gov/...ag-speech-1204111.html
#loptis amazon apple DRM publishers antitrust editoria ebook ebooks 2013-04-11
shared by Claude Almansi on 12 Jul 13
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Claude Almansi on 12 Jul 13Attorney General Eric Holder Speaks at the E-books Press Conference Washington, D.C. ~ Wednesday, April 11, 2012 "Earlier today, we filed a lawsuit in U.S. District Court for the Southern District of New York, against Apple and five different book publishers - Hachette, HarperCollins, Macmillan, Penguin and Simon & Schuster. In response to our allegations, three of these publishers - Hachette, HarperCollins and Simon & Schuster - agreed to a proposed settlement. If approved by the court, this settlement would resolve the Department's antitrust concerns with these companies, and would require them to grant retailers - such as Amazon and Barnes & Noble - the freedom to reduce the prices of their e-book titles. The settlement also requires the companies to terminate their anticompetitive most-favored-nation agreements with Apple and other e-books retailers. In addition, the companies will be prohibited for two years from placing constraints on retailers' ability to offer discounts to consumers. They will also be prohibited from conspiring or sharing competitively sensitive information with their competitors for five years. And each is required to implement a strong antitrust compliance program. These steps are appropriate - and essential in ensuring a competitive marketplace. Beginning in the summer of 2009, we allege that executives at the highest levels of the companies included in today's lawsuit - concerned that e-book sellers had reduced prices - worked together to eliminate competition among stores selling e-books, ultimately increasing prices for consumers. As a result of this alleged conspiracy, we believe that consumers paid millions of dollars more for some of the most popular titles. During regular, near-quarterly meetings, we allege that publishing company executives discussed confidential business and competitive matters - including Amazon's e-book retailing practices - as part of a conspiracy