A looming lawsuit could have solidified the dominance of Amazon in book business. Though that is good for the readers’ wallets, the readers may have to suffer in the long run.
If the Justice Department approves it, perhaps you will be able to buy cheaper books soon on your Nook, Kindle, or iPad tablets. On the contrary, the bigger winner won’t be thrifty readers only. Amazon.com has every possibility to be another party witnessing substantial benefit from that.
According to the Wall Street Journal’s report on Thursday, the government has been planning to file antitrust lawsuits against Apple along with 5 major publishing houses from New York including Hachette, Simon & Schuster, Macmillan, Penguin, and HarperCollins as they were alleged for conspiring plots for fixing eBooks’ price. Moreover, the case encompasses a number of events taking place back in 2010, when the Apple Inc. negotiated about their rights to sell ebooks on their iPad. At that instant, Apple Inc. agreed to purchase titles on an “agency-model,” and minimum retail price would be counted by the publishers for each book.