E-book publishers side with Apple, ask DoJ to scrap new price-fixing rules

Publishers ask US DOJ to turf Apple ebook restrictions

Apparently Apple isn’t the only company thinking the US Department of Justice’s recently imposed remedies against it were “draconian.” US publishers HarperCollins, Simon & Schuster, Penguin and others have also ganged up on the DOJ with a legal brief opposing the punitive restrictions. In it, they say the watchdog is “attempting to impose a specific business model on the publishing industry,” despite assertions it wouldn’t play that role. If you’ll recall, Apple was recently found guilty of price-fixing following charges filed last year. Now, the Justice Department is trying to force Apple to end its current agreements with the publishers and let rival e-book retailers like Amazon link to their own online stores.

Apple earlier condemned the decision, saying it was “wildly out of proportion to any… wrongdoing or potential harm.” The publishers added that it effectively punishes them by prohibiting the so-called agency model, which lets them set their own prices for e-books and other media. A similar affair was settled rather more amicably in Europe, meanwhile, when the same band of publishers agreed to allow other retailers to sell e-books cheaper than Apple does, if they so choose. Evidently, they feel the DOJ overstepped its bounds in the US and seem intent to back Apple to the bitter end.

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Source: AFP

AAP reports e-books now account for over 22 percent of US publishers’ revenue

AAP reports ebooks now account for over 22 percent of US publishers' revenue

It’s well off the triple year-over-year growth that e-books saw a few years ago, but the latest report from the Association of American Publishers shows that e-books did inch up even further in 2012 to account for a sizeable chunk of overall book sales. According to its figures, e-books now represent 22.55 percent of US publishers’ total revenue — up from just under 17 percent in 2011 — an increase that helped push net revenue from all book sales up 6.2 percent to $7.1 billion for the year. As the AAP notes, this report also happens to mark the tenth anniversary of its annual tracking of e-book sales; back at the beginning in 2002, their share of publishers’ net revenue clocked in at a mere 0.05 percent. The group does caution that the year-to-year comparison back that far is somewhat anecdotal, however, given changing methodologies and definitions of e-books.

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Via: The Next Web

Source: AAP