I almost missed this one in my effort to follow all the new e-reader news today: Judge Cote approved the DOJ settlement with three of the so-called “big six” publishers. Under the terms of the settlement, HarperCollins, Simon & Schuster and Hachette will no longer be using agency pricing.
You have to admire a judge who quotee Emily Dickenson in her ruling and reflects a certain amount of cynicism as well:
In another section of the decision, Judge Cote acknowledges that the vast majority of public comments in response to the settlement were negative. She adds, however, that some comments were “extreme” and sought to blame “every evil to befall publishing on Amazon’s $9.99 price for newly released and bestselling e-books, and crediting every positive event — including entry of new competitors in the market for e-readers — on the advent of agency pricing.”
Consumers who don’t like agency pricing (like myself) will see this as a decided victory. The lawsuit against Apple and two other publishers, however, has yet to go to trial.
Now, let’s see it the price comes down on Stephen King’s On Writing. Then, if only we can get them the government to work on the library lending issue, I’ll be a happy camper….