Thursday, March 8, 2012

eBook prices to decrease!

This is just a small little update and I don't expect to have many of them like this but I am making an exception. I was watching FOX News a few minutes ago while having dinner and they had a little blurb about a lawsuit that may be filed due to the high prices on ebooks. The article is below as well as the link. They also mentioned in this piece that the average price of an ebook will be $7.00 by 2013. I think that is GREAT news for all of us book lovers out there. And now the story:

The Justice Department has warned Apple Inc. and five of the biggest US publishers that it plans to sue them for allegedly colluding to raise the price of electronic books, according to people familiar with the matter.
Several of the parties have held talks to settle the antitrust case and head off a potentially damaging court battle, these people said. If successful, such a settlement could have wide-ranging repercussions for the industry, potentially leading to cheaper e-books for consumers. However, not every publisher is in settlement discussions.
The five publishers facing a potential suit are CBS Corp.'s Simon & Schuster Inc.; Lagardere SCA's Hachette Book Group; Pearson PLC's Penguin Group; Macmillan, a unit of Verlagsgruppe Georg von Holtzbrinck GmbH; and HarperCollins Publishers Inc., a unit of News Corp., which also owns The Wall Street Journal and NewsCore.
Spokespeople for the five publishers and the Justice Department declined to comment. Apple, which introduced a new version of its iPad tablet Wednesday, declined to comment.

6 comments:

  1. You have been tagged with a blog award. C'mon over to my blog and collect it.

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    1. Thanks Lisa.. I really appreciate it. I am trying to shy away from awards because I know they take up a lot of time.. the thought is wonderful though!! :)

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  2. This is awesome news. I only read ebooks now and the whole thing with the agency model when Apple opened their ibook store made me so angry. I don't have an ipad for this reason. Thanks for posting!

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    1. I read an equal amount but I agree, this is going to be great. My mother just bought the new ipad and she wants to start reading again, I told her to borrow my Nook for now.. haha.

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  3. In the UK the government put VAT (value added tax) which is currently at 20% on e-books, there isn't any VAT on paper books which is quite unfair.

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    1. That is insane!! I wasn't aware of that. I guess we are lucky over here in the US in that aspect.

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Sadly, I am declaring this an award free zone. I do appreciate your comments though so feel free to leave one!