Simon & Schuster, Hachette Book Group and Penguin Group (USA) have created a website to discover and buy books called Bookish.com. Bookish.com is supposed to be “a one-stop, comprehensive online destination designed to connect readers with books and authors.”
Penguin Group Posts
European companies Bertelsmann and Pearson are merging their book publishing divisions Random House and Penguin together. The two combined companies will enable the two companies to be able to better deal and scale in the e-book market. The combined publishers would have a global market share of over 25%.
Apple has criticized the U.S. Department of Justice over a settlement that was made with several book publishers as part of an ongoing trial that revolves around price fixing. Apple is arguing that a settlement would nullify their existing contracts with companies like Hachette Book Group, HarperCollins, and Simon & Schuster before a witness could be called in to testify and before the court has reviewed the details of the case.
The European Commission has launched an investigation into the Apple Inc. (NASDAQ:AAPL) iBookstore. They are checking to see whether Apple and a group of international publishers are fixing e-book prices. They are checking to see if Apple and the book publishers are violating antitrust rules. The 5 publishers include Livre, Harper Collins, Simon & Schuster, Penguin, and Verlagsgruppe Georg von Holtzbrinck.
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