I am probably being completely ignorant here, but how is something deemed price fixing when referring to a large number of "non-like" goods? A particular book is bound
to a particular publisher, and if you don't like it then tough.
If one were to adopt the philosophy of "all books are created equal", than sure I could buy that price fixing is even possible in the marketplace.
It was always my understanding that Price Fixing is when those in the market collude to ensure that said good or service is uniformly priced, regardless of outside market conditions.
In this case, writers are paid wildly different prices for their work. Publishers set prices for Retailers in the form of MSRP, which retailers can choose to honor or ignore, knowing that their profit from selling said product will either increase or decrease based on where they choose to price the good.
How would you like it if 5 of the 6 Major Hollywood Studios got together and decide that Target, Walmart, Best Buy, Amazon etc....
can't compete on the price of their blockbusters movies?
So no matter what stores you go to, you won't see a
SALE for movies like the Hobbit, Hunger Game, Man of Steel, Despicable Me 2, Monster University, Fast and Furious 6, Gravity, Star Trek, Thor, World War Z, The Croods, The Heat etc...
As Steve Jobs once said, the price "WILL BE THE SAME."
That's exactly what happened with ebooks.
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Look at the price on Amazon Best Sellers TODAY vs the Amazon Best Sellers before this DOJ lawsuits.
Before: lot of $9.99, $12.99, $14.99
Now: lot of $3.99, $4.99, $6.49, $5.49. In fact, I don't see any books in the Top 100 Best Sellers over $9.99.
For example, Ebook best-sellers from the week ending 12/9
http://www.digitalbookworld.com/201...-lowest-levels-ever-with-holiday-discounting/
1 (3) The Book Thief Markus Zusak Penguin Random House $
2.49 +2
2 (1) Sycamore Row John Grisham Penguin Random House
$ 3.29 -1
3 (16) The Goldfinch Donna Tartt Hachette
$ 1.79 +13
4 (2) Divergent (Divergent Series) Veronica Roth HarperCollins
$ 3.99 -2
5 (4) Allegiant Veronica Roth HarperCollins
$ 3.49 -1
6 (5) Takedown Twenty: A Stephanie Plum Novel Janet Evanovich Penguin Random House
$ 6.49 -1
7 (7) Insurgent (Divergent Series) Veronica Roth HarperCollins
$ 6.99 –
8 (n/a) The Gods of Guilt (Lincoln Lawyer) Michael Connelly Hachette
$ 7.50 New
9 (8) Mockingjay (The Hunger Games Book: #3) : Suzanne Collins Scholastic
$ 6.99 -1
10 (6) Cross My Heart (Alex Cross) James Patterson Hachette
$ 7.49 -4
11 (n/a) The Widow File S.G. Redling Amazon
$ 4.99 New
12 (n/a) Command Authority (A Jack Ryan Novel) Tom Clancy; Mark Greaney Penguin Random House
$ 7.50 New
13 (9) King and Maxwell (King & Maxwell) David Baldacci Hachette
$ 7.50 -4
14 (12) The Longest Ride Nicholas Sparks Hachette
$ 3.29 -2
15 (11) The Husband’s Secret Liane Moriarty Penguin Random House $ 5.99 -4
16 (20) Gone Girl: A Novel Gillian Flynn Penguin Random House $ 3.29 +4
17 (n/a) Timebound Rysa Walker Amazon $ 4.99 New
18 (19) Killing Jesus: A History Bill O’Reilly; Martin Dugard Macmillan $ 3.29 +1
19 (13) The Fault in Our Stars John Green Penguin Random House $ 2.99 -6
20 (18) Doctor Sleep: A Novel (The Shining) Stephen King Simon & Schuster $ 7.49 -2
21 (10) Catching Fire (The Second Book of the Hunger Games) Suzanne Collins Scholastic $ 6.34 -11
22 (21) Dust (A Scarpetta Novel) Patricia Cornwell Penguin Random House $ 7.49 -1
23 (14) Ender’s Game: 1 (The Ender Quintet) Orson Scott Card Macmillan $ 1.99 -9
24 (n/a) George R. R. Martin’s A Game of Thrones 5-Book Boxed Set (Song of Ice and Fire Series): A Game of Thrones, A Clash of Kings, A Storm of Swords, A Feast for Crows, and A Dance with Dragons George R.R. Martin Penguin Random House $ 9.99 New
25 (n/a) Inferno: A Novel (Robert Langdon) Dan Brown Penguin Random House $ 3.99 New
The DOJ lawsuit and settlement that allowed retailers to offer discount has significantly lower the price of best selling ebooks.
Before: NO DISCOUNT
Now: Ebook Retailers can offer discounts.