News tagged ‘e-book’
On Friday, another claim was filed over Apple for conspiring with publishes to fix E-Book prices. This time Cupertino company is believed to owe American E-Book customers at least $280 million in damages. Steve Berman, who is the attorney representing the consumers, states that due to the conspiracy E-Books prices rose 18.1 percent, which lead to $280 million in damages.
State attorneys general and consumers who sued the world’s most valuable technology company over its e-book pricing are seeking $280 million in damages and want that amount tripled, a lawyer for them said in a filing yesterday with the federal judge in Manhattan who presided over the U.S. case against Apple.
A judge on Friday refused a request by Apple to temporarily suspend her ruling that it violated antitrust laws by conspiring with publishers to raise electronic book prices in 2010.
Judge Denise Cote, ruling from the bench in Manhattan federal court, declined to withdraw the effect of last month's ruling while Cupertino, Calif.-based Apple Inc. appeals.
Last month, Apple was found guilty for conspiring with publishers to fix prices in the iBooks store instead of using the typical agency model.
The five settling publishers did not agree with the proposed punishment, claiming that it would hurt them more. than Apple. The punishment implies that Apple will be obliged to discount their ebooks for five years.
According to court decision ,Apple was proved to be guilty of fixing e-book prices and therefore forcing the customer to pay higher prices. Apple claims the accusations to be faulty and now the company is planing to appeal the decision.
In a court filing Wednesday afternoon, the publishers said that the U.S. Department of Justice’s demands on Apple would eliminate the use of the “agency model” for the sale and distribution of e-books for a period of five years, by prohibiting Apple from entering such agreements.
As it was reported recently, Apple had been found guilty for fixing E-Book prices. The compensation may reach the figure of $500 million, according to some legal experts.
Based on amounts that settling publishers have already paid, Apple could pay the $490 million bill from the states and class action lawyers. Apple was found guilty for conspiring with Hachette, Penguin, Random House, HarperCollins and Simon & Schusterall. The publishers have already paid there damages.
On the 20th June US District Judge Denise Cote ruled that Apple conspired to raise the retail prices of e-books, says Reuters report. The publishers Macmillan and Penguin, names co-defendants, set the price of each book and gave the seller a 30% cut instead of using traditional wholesale models.
According to Eddy Cue, Apple's SVP of Internet Software and Services, the prices for iBookstore have grown due to inflation. The statement does not help Apple much, especially when Mr. Cue is considered the head of the conspiracy.
Speaking with Peter Kafka of All Things D, McGraw-Hill CEO Terry McGraw said Apple's newly unveiled textbook initiative for the iPad with iBooks 2 was a project spearheaded by the late Steve Jobs before his death. He met with Jobs last June about the project and discussed their goals. "He (Jobs) should be here. He probably is (in spirit)," McGraw said. "This was his vision, this was his idea, and it all had to do with the iPad."
McGraw-Hill is one of the first publishers already on board with Apple's new e-textbooks for iBooks 2, seeing Apple's new iBooks 2 platform as a way for textbooks to evolve and improve education. The CEO said he's been interested in the iPad as a learning tool since Apple first launched the device in 2010.
Publisher Houghton Mifflin Harcourt announced the results of its "HMC Fuse: Algebra I" pilot program at Ameila Earhart Middle School in California's Riverside Unified School District. Algebra I digital textbook is the world's first full-curriculum algebra application developed exclusively for Apple's iPad. The program helped more than 78 percent of students score "Proficient" or "Advanced" on the spring 2011 California Standards Test. That was significantly higher than the 59 percent of peers who used traditional textbooks.
"By engineering a comprehensive platform that combines the best learning material with technology that embraces students' strengths and addresses their weaknesses, we've gone far beyond the capabilities of an e-book to turn a one-way math lesson into an engaging, interactive, supportive learning experience," said Bethlam Forsa, executive vice president of Global Content and Product Development at HMH. "With HMH Fuse, teachers can assess student progress in real time and tailor instruction as needed.”
Today, during the education-focused media event Apple
This week, on Thursday, January 19, Apple plans to hold its education-related media event. Last week Apple sent out invitations for the event with a tagline stated that the company would make an "education announcement in the Big Apple." The multiple reports are claiming that the company could announce an initiative to help textbook makers produce interactive ebooks for the iPad, with some sources calling the initiative "Garageband for e-books."
ArsTechnica reported on Monday that its sources are claiming that Apple will release a simple app that makes e-book publishing as easy as recording a song in GarageBand. Inkling CEO Matt MacInnis, who worked on education projects at Apple before leaving to focus on interactive e-books, also confirms the rumors, because he dosn't believe that Apple would start releasing content to replace, for example, textbooks, the company is likely to provide content production tools, similar to its own Logic or Final Cut Pro software.
A class-action lawsuit has been filed against Apple and 5 of the 6 major book publishers: Hachette, HarperCollins, MacMillan, Penguin, and Simon & Shuster. The lawsuit claims that they "colluded to increase prices for popular e-book titles to boost profits and force e-book rival Amazon to abandon its pro-consumer discount pricing."
From the lawsuit:
In November 2007, Amazon revolutionized the book publishing industry by releasing the Kindle, a handheld digital reader for electronic books or “eBooks.” A major economic advantage to eBook technology is its potential to massively reduce distribution costs historically associated with brick-and-mortar publishing. But publishers quickly realized that if market forces were allowed to prevail too quickly, these efficiency enhancing characteristics would rapidly lead to lower consumer prices, improved consumer welfare, and threaten the current business model and available surplus (profit margins). So, faced with disruptive eBook technology that threatened their inefficient and antiquated business model, several major book publishers, working with Apple Inc. (“Apple”), decided free market competition should not be allowed to work – together they coordinated their activities to fight back in an effort to restrain trade and retard innovation. The largest book publishers and Apple were successful.
This lawsuit alleges that as a "direct result of this anticompetitive conduct as intended by the conspiracy, the price of eBooks has soared" and "bring claims under federal and state antitrust laws to enjoin the illegal conduct and to obtain damages."