Washington [US], Jan.17 (ANI): Amazon, an American multinational know-how firm that focuses on e-commerce, cloud computing, digital streaming, and synthetic intelligence, faces a brand new lawsuit alleging settlement between the corporate and 5 main publishers of US books created larger costs on e-books.
In keeping with The Verge, the lawsuit filed by the Hagens Berman regulation agency in a New York federal district court docket alleges that publishers pay excessive commissions and different prices to Amazon, which in flip will increase the retail worth of e-books. offered on the platform. .
Because of the settlement between Amazon and the publishers ‘HarperCollins Publishers’, ‘Hachette Guide Group’, ‘Penguin Random Home’, ‘Simon & Schuster’ and ‘Macmillan’, Amazon’s worth is the worth that publishers cost different retailers as effectively . , which prevents different sellers from providing the e-books at decrease costs, based mostly on demand.
In keeping with The Verge, this lawsuit claims that these 5 publishers account for eighty % of the books offered within the US market and calls the deal a “conspiracy to repair the retail worth of e-books,” which it argues is a violation of the regulation. antitrust. (AND ME)
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