Does This Mean I Can Look Forward to Big Amazon Sales Soon?

In the news today, the Department of Justice brought a suit today against Apple and publishing houses Penguin and Macmillan, alleging that they colluded to fix ebook prices. The DOJ has reached a preliminary settlement with three other publishers,  Hachette, HarperCollins and Simon & Schuster under these terms:

[s]ettling publishers will be immediately required to do the following:

  • Terminate its current contracts with Apple within seven days of the court’s acceptance of the settlement;
  • Terminate any other contracts with e-book retailers that restrict the retailer’s ability to set final prices for books or contain a “most favored nation” provision prohibiting price competition, as soon as possible;
  • Renegotiate contracts with Apple and other retailers, with a two-year prohibition on any contract that prevents retailers from discounting retail prices (see below);
  • Notify the Department of Justice before entering into any joint ventures between it and another publisher related to e-books;
  • Designate an antitrust compliance officer and provide the DOJ with a copy of its agreements with any e-book retailers quarterly for five years.

So, in other words, big sales for Kindle ebooks, you think?

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