Remember when you could buy a brand new book on your Kindle for less than $10? If you don't that's because selling books for cheap costs publishers money. In response, they turned to Apple and signed contracts which introduced so-called "most favored nations" clauses, which prohibited e-book distributors from pricing e-books lower than what iBooks had listed them for. But, according to The Atlantic Wire, a federal judge last Thursday struck those contracts. Now, Hachette Book Group, Simon & Schuster, and HarperCollins and Apple are forcibly separated, and cannot enter into contracts for another two years. In the meantime, get ready for a price war which will undoubtedly drive prices down, hopefully back to or below $10.
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