Justice Department Plans to Sue E-Book Publishers

In December, the European Union announced that it had opened formal antitrust proceedings to investigate whether the same publishers had “engaged in anti-competitive practices affecting the sale of e-books” in Europe.

Apple gets 30% of the price of any e-book. The Justice Department believes that Apple and publishers have used this model to raise prices across the e-book industry.

According to a report from the Pew Internet and American Life project, e-book reader ownership doubled between December 2011 and January 2012, jumping from 18% to 29%. Media Bistro reported in late February that 2011 e-book sales in the United States were up in 117% over 2010, generating $970 million.

About these ads

Leave a comment

Filed under Business, National, Sidebar

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s