Tag Archives: Macmillan
Macmillan settles up with DoJ, Apple now stands alone in e-book price fixing case
It took awhile to read the writing on the wall, but Macmillan has finally settled the antitrust lawsuit brought by the US Justice Department for the publisher's alleged e-book price fixing. In doing so, Macmillan joins Hachette, HarperCollins, Simon & Schuster and Penguin in choosing not to go to trial against the DoJ's lawyers. It's an about-face from Macmillan's initial stance in settlement negotiations, when it claimed that the DoJ's terms were far too onerous.
Why settle now? Company CEO John Sargent told the Wall Street Journal that the company changed its tune not because it was guilty, but "because the potential penalties became too high to risk even the possibility of an unfavorable outcome." Should the settlement terms be approved by the court, retailers will be able to discount Macmillan titles, regardless of existing contracts, for 23 months starting from December 18, 2012. With Macmillan bowing out, Apple remains as Uncle Sam's lone legal opponent at the trial scheduled in June. Given Apple's staunch denial of wrongdoing and general willingness to litigate, it seems we may be in for some more legal fireworks this summer.
Via: Electronista
Source: Wall Street Journal
Macmillan tests selling e-books to libraries in two-year stretches
Major publishers are taking wildly different approaches to resolving the woes surrounding e-book lending at libraries: they're experimenting with both the short-yet-cheap subscription as well as an expensive option to pay only once for perpetual use. Sure enough, we're now seeing the middle road. Macmillan plans to run a pilot project in the first quarter of the year that will charge libraries $25 per copy for a selection of 1,200 back catalog Minotaur Books titles, but give buyers better than usual lending rights for either two years or 52 loans, depending on the popularity. They'll only have permission to lend to one person at a time for each copy, although Macmillan's comments to LibraryJournal leave the door open to changing terms should the pilot struggle to gain traction. As it stands, the strategy could be expensive for libraries if they have to pay over and over again for a perennial favorite. It might, however, be palatable for those book lending outfits already planning to go all-digital.
Via: Ars Technica
Source: LibraryJournal
EU regulators to accept Apple and book publishers’ offer of cheaper e-books
According to Reuters, EU regulators look likely to accept an offer from Apple and a handful of publishers, including Simon & Schuster, HarperCollins, Hachette Livre and Macmillan. The assembled publishers propose that they will allow retailers (including Amazon) to sell e-books cheaper than Apple currently does. The move will attempt to end the EU's anti-trust investigation that looked into the publishers' e-book pricing model that unfairly affected retailers' ability to compete with Apple's own electronic book collection.
Filed under: Apple
EU regulators to accept Apple and book publishers' offer of cheaper e-books originally appeared on Engadget on Tue, 06 Nov 2012 09:47:00 EDT. Please see our terms for use of feeds.
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Reuters | Email this | Comments Editorial: Bring on the digital overthrow of publishing
Last week's release of the Amazon Kindle Paperwhite offered an opportunity to look back on the rapid growth of e-reading, and look forward to what the digitization of publishing will mean to four major market forces: publishers, bookstores, authors and readers. As during any technological disruption, winners and losers trade fates until the upheaval settles and a new cycle of status quo begins.
Amazon is not the only bookstore represented in the scramble for new-era survival, but its major role has multiple dimensions: seller, publisher, enabler, inventor and primary instigator of disruption. Amazon is banking on being a winner, and was recently handed an advantage by the U.S. government in its uneasy relationship with publishers.
While industrial forces work their way through the dislocation of new paradigms, individuals -- both book consumers and book authors -- stand to be the biggest winners, and that is a good thing.
Continue reading Editorial: Bring on the digital overthrow of publishing
Filed under: Handhelds, Tablets, Wireless, Amazon
Editorial: Bring on the digital overthrow of publishing originally appeared on Engadget on Mon, 08 Oct 2012 17:00:00 EDT. Please see our terms for use of feeds.
Permalink | | Email this | CommentsJudge approves settlement for Hachette, Simon & Schuster and HarperCollins in e-book lawsuit
It's a big day in the world of e-books, and not just for the crew at Amazon. Today, Judge Denise Cote approved settlement terms for three of the publishers accused by the Justice Department of price fixing. Hachette Book Group, Simon & Schuster and HarperCollins each agreed to settle with the government, rather than face trial -- as Apple, Macmillian and Penguin Group will do in June of 2013. As part of the settlement agreement, each of the publishers will be required to terminate their contracts with Apple within one week. Similarly, they will be required to end contracts with other e-book retailers where clauses exist that would hinder the seller's ability to set pricing. Further, the settling companies won't be able to form contracts for the next two years with e-book retailers that would hinder the seller's discretion to set pricing.
During the settlement approval period, individuals and companies alike were given 60 days to weigh in on the matter, which included objections from the American Booksellers Association, the Authors Guild and Barnes & Noble. Ultimately, Judge Cote determined that arguments against the settlement were "insufficient" to block the approval.
Judge approves settlement for Hachette, Simon & Schuster and HarperCollins in e-book lawsuit originally appeared on Engadget on Thu, 06 Sep 2012 16:59:00 EDT. Please see our terms for use of feeds.
Permalink |The New York Times | Email this | Comments Apple and publishers offer deal to put price fixing scandal behind them in EU
In the US, the e-book price fixing scandal appears to be winding towards its inevitable conclusion. Many of the publishers settled with the DOJ right off the bat, and now the states themselves have gotten three publishing houses to cough up $69 million in their own agreement. (Of course, Apple, Macmillan and Penguin have all decided to go the trial route, but we'll have to wait till next year to see how that plays out.) In Europe, the battle is still raging on, but Reuters is reporting that the accused are offering concessions in a bid to put the antitrust allegations behind them. The only name missing from the list is Penguin, which may or may not be part of the plea deal. Not all the details of the proposals have been revealed yet, and there's no guarantee the commission will accept them. The heart of the settlement, however, would involve allowing Amazon to sell e-books at a discounted price for two years. Would cheaper Kindle books be good, clean fun for the whole family? Sure, but it certainly pales in comparison to the potential penalties if Apple and their publishing partners go to trial.
Filed under: Apple
Apple and publishers offer deal to put price fixing scandal behind them in EU originally appeared on Engadget on Fri, 31 Aug 2012 10:36:00 EDT. Please see our terms for use of feeds.
Permalink |Reuters | Email this | Comments Sci-fi publisher announces Tor and Forge will go DRM-free with all e-book titles
Science fiction is often said to foresee the future, and today, that news couldn't ring more true. Tom Doherty Associates, a subsidiary of Macmillan and publisher of popular sci-fi and fantasy brands such as Tor and Forge, today announced that as of early July, all of its current e-books will be distributed without DRM restrictions. The company's president, Tom Doherty, revealed the shift as a long-time request of both its readers and authors -- which unsurprisingly, are a rather tech-savvy bunch. In addition to the move affecting all of Doherty's current sales channels, the move will allow the publisher to seek out independent e-book dealers that sell only DRM-free titles. While the move is unlikely to extend to the rest of Macmillan's properties anytime soon, just leave it to the sci-fi community to show others the way forward. Perhaps the future isn't gonna be so scary after all.
Sci-fi publisher announces Tor and Forge will go DRM-free with all e-book titles originally appeared on Engadget on Wed, 25 Apr 2012 06:48:00 EDT. Please see our terms for use of feeds.
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Boing Boing, paidContent | Tor Books | Email this | Comments Apple says e-book price fixing charges ‘simply not true,’ Macmillan also responds
Apple says e-book price fixing charges 'simply not true,' Macmillan also responds originally appeared on Engadget on Fri, 13 Apr 2012 12:02:00 EDT. Please see our terms for use of feeds.
PermalinkDaring Fireball | Reuters, Tor | Email this | Comments Justice Department formally charges Apple, big five publishers in e-book price fixing case (update)
The Justice Department has formally decided to sue Apple, Hachette, HarperCollins, Macmillian, Penguin and Simon & Schuster over alleged e-book price-rigging. Apple and Macmillian have already denied any wrongdoing, saying that the agreements were enhancing competition in an industry previously dominated by Amazon. The case centers around a deal to switch to agency pricing, where the vendor takes a 30 percent cut of each sale rather than the wholesale model which allows stores to sell books at rock-bottom prices. It was previously believed that the publishers had cut back-room deals with the Government agency after bowing to pressure to withdraw Cupertino's "favored nation" status. If successful, the DoJ will allow Amazon and Barnes and Noble amongst others to return to the wholesale model to sell best-sellers at a loss, something that the big five are desperate to avoid, and will look to fight the battle in court.
Update: The PDF of the DoJ's filing is now available online -- it makes for fascinating reading.
Update 2: Bloomberg is now reporting that Simon & Schuster, Lagardère SCA's Hachette Book Group and HarperCollins have settled with the DoJ over unspecified terms. Hasty!
Update: The PDF of the DoJ's filing is now available online -- it makes for fascinating reading.
Update 2: Bloomberg is now reporting that Simon & Schuster, Lagardère SCA's Hachette Book Group and HarperCollins have settled with the DoJ over unspecified terms. Hasty!
Justice Department formally charges Apple, big five publishers in e-book price fixing case (update) originally appeared on Engadget on Wed, 11 Apr 2012 10:10:00 EDT. Please see our terms for use of feeds.
Permalink |Bloomberg, Department of Justice filing (PDF) | Email this | Comments