Amazon-Agency pricing deals now under investigation

The WSJ is reporting that Connecticut State Attorney General is investigating the Agency 5 contracts signed by Amazon a few months ago.

The attorney general said an initial review by his office found that e-book prices offered by Amazon and Apple, as well as Borders Group Inc. and Barnes & Noble Inc., for several best-sellers were identical.

"These agreements among publishers, Amazon and Apple appear to have already resulted in uniform prices for many of the most popular e-books—potentially depriving consumers of competitive prices," Mr. Blumenthal said

I've been waiting for this ever since the Agency system was announced. I was deeply surprised at the time that it never occurred to the heads of the these 5 publishers that they might have broken the law when they met with their competitors and conspired to set ebook prices.

I'm also eagerly anticipating when the DOJ announce their investigation into possible anti-trust crimes committed by the Agency 5. Hmm, maybe Random House weren't making a mistake by avoiding the agency system.

About Nate Hoffelder (11816 Articles)
Nate Hoffelder is the founder and editor of The Digital Reader:"I've been into reading ebooks since forever, but I only got my first ereader in July 2007. Everything quickly spiraled out of control from there. Before I started this blog in January 2010 I covered ebooks, ebook readers, and digital publishing for about 2 years as a part of MobileRead Forums. It's a great community, and being a member is a joy. But I thought I could make something out of how I covered the news for MobileRead, so I started this blog."

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