Justice Dept. Settles with Three Publishers, Continues Action Against Apple and Two Others
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As stated in the department’s complaint, Apple’s then-CEO Steve Jobs said, “the customer pays a little more, but that’s what you [publishers] want anyway.” Based on the commitments to Apple, the publishers imposed agency terms, over some objections, on all other eBook retailers. As a result, no eBook retailer is able to compete by using its commission to discount or reduce the price that the publishers set for their eBook titles or offer any special sales promotions to encourage consumers to purchase those eBooks. The department said that the intent and effect of the publishers’ contracts with Apple was to raise the prices that consumers nationwide pay for eBooks.
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