In expected news, the Department of Justice Apple as well as HarperCollins, Simon and Schuster, Hachette Book Group, Penguin Group and MacMillan alleging they colluded to keep the price of e-books artificially high. It also announced that it has settled with Hachette Book Group, HarperCollins and Simon & Schuster. According to the Washington Post:
The government’s inquiry focused on how Apple transformed the way publishers charge for e-books. The tech giant allowed the publishers to set the prices of books on Apple’s online store. In exchange, Apple got 30 percent of the proceeds.
The pricing model gave publishers leverage over Amazon, which tried to set book sales at $9.99 when it debuted its Kindle e-reader in 2007 ….