A new lawsuit filed in New York alleges that Amazon and five book publishers are in collusion to fix the prices of e-books, it reported. The Guardian.
Editors include Penguin Random House, Hachette, Simon and Schuster, Harper Collins, and Macmillan, often referred to as the 'Big Five'.
The lawsuit alleges that publishers pay high commissions to Amazon, driving up the price of e-books on the platform. It argues that this forces consumers to pay higher prices for e-books that are purchased on platforms other than Amazon.
“Amazon's deal with its co-conspirators is an unreasonable trade restriction that prevents competitive pricing and causes plaintiffs and other consumers to overpay when they purchase Big Five e-books through a com...