Posted by: ccclib | September 7, 2012

Big Week for Amazon

This week Amazon CEO Jeff Bezos revealed a new line of Kindle devices.

The increased market footprint of the new tablets and eReaders may put Amazon in an even better position to take advantage of the recent “settlement between the Justice Department and three major publishers in a civil antitrust case that accused the companies of collusion in the pricing of digital books.”

The New York Times quotes publishing consultant Mike Shatzkin as saying “I would expect Amazon to be leading the charge to cut prices on the most high-profile e-books as soon as the decision allows them to do so. As soon as that starts to happen, all the books that are competing with them will have to reconsider their prices.”

While this may increase eBook sales, it is expected to have a negative impact on brick and mortar book retailers.

Judge Approves E-Book Pricing Settlement Between Government and Publishers

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