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Connecticut AG To Grill Amazon, Apple Over E-Book Price Fixing

August 3rd, 2010 08:41 admin Leave a comment Go to comments

suraj.sun tips news that Connecticut’s Attorney General has demanded a meeting with Apple and Amazon to discuss anti-competitive pricing methods in the e-book market. From Ars:
“Richard Blumenthal says that he wants representatives from both on-line giants in his office ASAP to discuss what Blumenthal calls their ‘most favored nation’ arrangements with big book companies like Macmillan and Simon & Schuster. The crux of the MFN concept is that a given product maker must offer a given distributor the lowest price it’s offering anyone. If a competing distributor gets a price break, they get it too. ‘The net effect is fairly obvious,’ Blumenthal warned in his letter to Amazon (PDF), ‘in that MFNs will reduce the publisher’s incentive to offer a discount to Amazon if it would have to offer the same discount to Apple, leading to the establishment of a price floor for e-books offered by the publisher.’”

Source: Connecticut AG To Grill Amazon, Apple Over E-Book Price Fixing

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