Apple $450 Million e-Book Settlement Wins Court Approval 93
An anonymous reader writes A week after Judge Denise Cote put forward concerns over a proposed settlement with consumers over e-book price-fixing in the iBookstore, she has given Apple preliminary approval for its $450 million settlement. "The proposed settlement agreement is within the range of those that may be approved as fair and reasonable, such that notice to the class is appropriate," Cote said. "Preliminary approval is granted." Cote set a final fairness hearing for Nov. 21.
Re:Very disappointing. (Score:4, Insightful)
He did no such thing.
He admitted that Apple conspired with publishers. That's the crime Apple were convicted of, because conspiring to raise prices is, you know, an actual, real crime under US law.
Apple broke up Amazon's monopoly.
What monopoly? The conspiracy's goal was to force Amazon to sell ebooks for more than it wanted to. They were trying to make readers pay more for their books. What's so great about that, exactly?
Because they did so, authors no longer had to just take whatever Amazon was willing to let them have.
Uh, what? Authors take whatever the publishers are willing to let them have. What does Amazon have to do with what publishers pay their authors?
Re:Read: tax deduction (Score:2, Insightful)
doesn't mean a coalition of fair pricing is conspiring to fleece the consumer.
We'll go to the agency model, where you set the price, and we get our 30%, and yes, the customer pays a little more, but that's what you want anyway.
Steve Jobs, 2010.