Simon & Schuster

US sues Apple, book publishers over ebook pricing

In a move widely anticipated, the United States Justice Department today filed an antitrust lawsuit against Apple and some of the largest book publishers over allegations that they colluded to raise ebook prices.

The publishers named in the lawsuit are Simon & Schuster, Hachette, HarperCollins, Penguin and Macmillan.

Is dynamic pricing really magical?

Some believe that ebooks, and accompanying ebook readers like the Kindle, are the future of print publishing. But for now, it appears that publishers are more likely to see them as a potential industry-killer.

Case in point: two large publishers, Simon & Schuster and Hachette Book Group, announced the other day that they’d delay releasing ebook versions of some new books for four months after the hardcovers hit the shelves. The reason? It’s one way to fight back against the lowly prices seen in the ebook market, where most bestsellers now cost less than $10.