Region-News-Team-White-Logo

E-Book Agreement Announced

Share this post

Indiana Attorney General Greg Zoeller has announced the resolution of a multistate antitrust investigation against another major U.S. book publisher for price-fixing and collusion in the electronic book (E-book) market.  Indiana, along with the other states, reached an agreement with Penguin Group (USA) Inc. to settle allegations that Penguin colluded with other major publishers and Apple Inc. to manipulate prices in the E-book market.  “If approved, this agreement means Indiana’s consumers who purchased E-books published by Penguin Group will receive $1.15 million in total refunds via their E-book accounts,” Zoeller said. “Consumers also stand to benefit from restored competitiveness within the E-book marketplace.” The agreement with Penguin must be approved by the U.S. District Court for the Southern District of New York. When finalized, Zoeller says the agreement with Penguin will grant E-book retailers greater freedom to reduce the prices of their E-book titles
Indiana has previously settled with four other publishers: Hachette Book Group Inc., HarperCollins Publishers L.L.C., Simon & Schuster Inc., and Holtzbrinck Publishers LLC d/b/a Macmillan for allegations relating to the same conduct, Zoeller said, adding that Indiana’s antitrust action based on the same allegations against Apple Inc. remains pending with trial scheduled in June 2013.
###


Meet-The-Team-white

Laura-WXRD Scott-WXRD Brent-WXRD
LAURA WALUSZKO
Region News Team
SCOTT ROSENBERG
Region News Team
BRENT BROWN
Region News Team
Jay-WXRD Karl-WXRD Annie-WXRD
JAY STEVENS
Region News Team
KARL BERNER
Region News Team
ANNIE FOX
Region News Team

Recent-Newscast-white

Flash is not supported on this device. If you wish to listen to this audio, you must download and play an mp3 using an mp3 player on your device. CLICK HERE