So low, so fast: E-book prices drop following settlement(Read article summary)
Just four days after a federal judge approved a settlement in the e-books price fixing case, HarperCollins has already started discounts.
Think the publishing industry moves slowly?
Just four days after a federal judge approved a settlement in the e-books price fixing case, HarperCollins is already selling its titles at discounted prices with a number of online retailers, including Amazon, Barnes & Noble, and BooksonBoard.
“HarperCollins has reached agreements with our e-retailers that are consistent with the final judgment,” HarperCollins spokeswoman Erin Crum said in a statement. “Dynamic pricing and experimentation will continue to be a priority for us as we move forward.”
According to Jane Litte, who first noticed the changes and blogged about it on the romance blog Dear Author, HarperCollins e-books have been discounted 10 percent to 20 percent. That means readers can get books like Daniel Silva’s “The Fallen Angel” and Hope Solo’s “Solo” for $9.99. Titles that are discounted are labeled "Sold by HarperCollins," booksellers newsletter Shelf Awareness points out, while titles still under the agency model are tagged “Price set by Penguin.”