Amazon Accused of E Book Price Fixing

Amazon is facing a new lawsuit alleging that a deal between the company and five book publishers has created higher prices on e-books, The Wall Street Journal reported
The lawsuit filed by law firm Hagens Berman in a federal district court in New York, alleges that the publishers pay high commissions and other costs to Amazon, which in turn increases the retail price of e-books sold on the platform
The lawsuit claims the five publishers account for 80 percent of books sold in the US, and calls the arrangement a “conspiracy to fix the retail price of e-books,” which it argues is a violation of antitrust law
In another e-book lawsuit back in 2012, the Justice Department accused Apple of conspiring with major book publishers in an attempt to compete with Amazon, by inflating e-book prices above the $9.99 price that Amazon preferred

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