Publishing giant Hachette Group released a statement Sunday in defense of its business practices, responding to accusations lodged by online retailer Amazon that Hachette unfairly inflates its eBooks prices.
”Hachette sets prices for our books entirely on our own, not in collusion with anyone,” the company said Sunday.
The letter, Hachette head Michael Pietsch said, will be sent to anyone contacting him regarding eBooks prices. Amazon had published Pietsch’s email in a notice that accused Hachette of fixing eBooks prices.
The pricing feud between the two companies began when Amazon was reported to deliberately delay deliveries of Hachette books. Amazon argues that it wants to set a price of $9.99 for most eBooks and is now negotiating with Hachette to lower the price of eBooks compared with physical ones.
Amazon is accused by some of unfairly using its market dominance to strong-arm Hachette into accepting certain contractual terms to ensure that eBooks prices are set a $9.99.
Hachette, in its letter, argues that not all eBooks should be set at that price.
Antitrust officials have not intervened in the dispute between the companies.
Full content: Phys.org
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Canadian Breadmakers Settle Price-Fixing Lawsuit
Jul 25, 2024 by
CPI
EssilorLuxottica Open to Meta as Shareholder, Says CEO Francesco Milleri
Jul 25, 2024 by
CPI
California Supreme Court Upholds Proposition 22, Securing Independent Contractor Status for Uber and Lyft Drivers
Jul 25, 2024 by
CPI
Paramount Global Investor Sues to Block Skydance Media Merger
Jul 25, 2024 by
CPI
Software Vendors Win Class Action Status in Antitrust Case Against CDK Global
Jul 25, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – International Trade & Antitrust
Jul 26, 2024 by
CPI
What is Wrong with the WTO Discipline on Subsidies?
Jul 26, 2024 by
CPI
The Abiding Tension Between Trade Remedy Law and Antitrust
Jul 26, 2024 by
CPI
Trade and Antitrust: An End to Isolationism
Jul 26, 2024 by
CPI
International Trade Law and Domestic Regulation of Generative Artificial Intelligence: Divergent Approaches?
Jul 26, 2024 by
CPI