Posts Tagged ‘Macmillan’
Significant publishers are taking wildly different strategies to resolving the lamentations surrounding e-book lending at libraries: they’re experimenting with both the short-yet-cheap subscription as well as an expensive choice to pay just as soon as for reoccurring use. Yes, we’re now seeing the middle road. Macmillan prepares to run a pilot project in the first quarter of the year that will charge collections $ 25 per copy for an option of 1,200 back catalog Minotaur Books titles, but offer purchasers much better than typical financing rights for either 2 years or 52 loans, relying on the popularity. They’ll only have consent to provide to someone at a time for each copy, although Macmillan’s remarks to LibraryJournal leave the door open to altering terms need to the pilot struggle to get traction. As it stands, the strategy could be pricey for collections if they need to pay over and over once again for a seasonal favorite. It might, nevertheless, be palatable for those publication financing clothing already planning to go all-digital.
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The Justice Division suggested corporate when it indicted Apple and 5 some other publishers of price-rigging e-books, and are officially taking Cupertino and 2 publishers to court. In a hearing on Friday, Judge Denise Cote set a bench testing for June 3, 2012, placing Apple, Macmillan and Penguin Group on the defense. The federal government’s allegations focus mainly on agency prices, which sees booksellers taking a 30 percent cut of each sale in lieu of buying the books at wholesale and setting their own rates. Apple and Macmillan have currently refuted the Justice Division’s claims, of course– however that had not been on the stand, was it?
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Not that we were expecting Apple and Macmillan to simply fess up and say, “you’re right, totally tried to circumvent the free market,” but both companies have come out swinging pretty hard against the allegations of price fixing. Apple has rejected the charges, calling them “simply not true.” A company spokesman, Tom Neumayr, went so far as to tell Reuters that Cupertino was actually fostering competition by “breaking Amazon’s monopolistic grip on the publishing industry.” John Sargent, the CEO of Macmillan, defended his company’s behavior in blog post, saying the publisher had done nothing illegal and that the concessions sought by the DOJ in settlement negotiations were “too onerous.” It looks like the next step for both is to face off with the US government in court — a daunting task, no matter how large your war chest.