Apple, publishers to settle e-books price-fixing suit

Before the iPad was released, Apple secured agreements from the major book publishers to set “agency model” pricing for e-books.
This undermined the “wholesale model” pricing that Amazon and other retailers were able to charge, which resulted in higher e-book prices.

Fortunately, it appears that a settlement is near, so that “agency model” pricing will be eliminated and retailers will once again be able to set their own pricing.
If successful, the agreement should benefit the consumer, at least for the foreseeable future.

One Response to Apple, publishers to settle e-books price-fixing suit

  1. Makita Akkuschrauber…

    […]Apple, publishers to settle e-books price-fixing suit « Urban Tech Guy's Blog[…]…

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