Big publishers sign deal, ebook prices expected to fall: Competition Bureau
OTTAWA - Four major publishers of electronic books have signed an agreement with the Competition Bureau that is expected to lower prices for consumers by 20 per cent or more.
The publishers have agreed to scrap clauses in their distribution contracts that keep ebook retailers from offering discounts.
The agreement follows an 18-month investigation into the ebook industry by the federal agency.
The bureau says the previous practice of banning discounts effectively reduced competition.
The deal covers Hachette Book Group, HarperCollins, Macmillan and Simon & Schuster, which publish many of the best-selling ebooks.
The bureau says a similar move in the United States produced discounts of 20 per cent or more for consumers.
"This agreement should benefit Canadian consumers by lowering the price of ebooks in Canada," John Pecman, the federal commissioner of competition, said in a statement.
"Businesses operating in the digital economy must realize that anti-competitive activity will not be tolerated, whether it occurs in the physical world or the digital one."
Booknet Canada reported last year that ebooks made up about 15 per cent of sales.
Read more Business News
- Pedestrian hit crossing roadWest Kelowna
- Legebokoff gets life sentenceBC
- Schools ready to welcome kidsCentral Okanagan
- Power restored downtownKelowna
|QHR Technologies Inc||1.30||+0.01|
|Anavex Life Sciences||0.25||0.00|
|Copper Mountain Mining||2.69||-0.01|
|Sunrise Resources Ltd||0.02||-0.005|
|Mission Ready Services||0.30||+0.035|
Part 1 of 2 Photo: Thinkstock.com1. Move in with your parents or in-laws Explain that you're thinking strategically in moving back home. The quickest way to get into the housing market is to ma...
Article written by Linda Bustos Though I’d never recommend “lowest prices” as a unique selling proposition, I notice many retailers use a Price Match Guarantee or even a 110% Guara...
This week my wife wrote a blog for our charities website, I thought you may enjoy reading it here: I was planning to write about the incredible philanthropic Miss Angelina when, funnily enough, she ...