Justice Department warns that it is preparing to file a lawsuit.
Apple Inc. and five book publishers are in the sights of U.S. antitrust regulators over alleged anti-competitive price fixing practices in the electronic books market. The five publishers involved are Simon & Schuster Inc. (CBS Corp.), Hachette Book Group (Lagardere SCA), Penguin Group (Pearson PLC), Macmillan and HarperCollins ... [ read the full article ]
Please read the original article before posting your comments.
Frankly I'm tired of new technology continually driving the price UP rather than down all the time. Back when CDs came out the word was that CDs were to eventually become the same price as albums (about $7) once the tech caught on. Right. $20 releases, my ass...
Now the public is pay basically the same thing for digital releases that are of absolutely NO composition (literally no physical medium) whatsoever & the music producers merit this belligerent cost How? [that's rhetorical, I already know the dog & pony show...]
Facts are when I was buying music on 45s (that would be single MP3s for you younger folks) they were indeed a $1 back then, so the price points are ludicrous for anyone bitching against Amazon or Apple.
Frankly, brand new albums should be $9, doubles should be $12 & anything on the rack for over 90 days should go back to being $7. 75% profit going to the actual artists after 30 days, 100% after the 90 days. case closed.
You are forgetting the buying power of your buck. In 1972 I bought a brand new Pontiac LeMans - without trade - in for $ 3000/=. Chevy Impala was available for $ 4000/- and a Cadillac cost around $ 8000/= I have also bought gas at $ 0.18 per gallon !!!
I was saving half of my $ 13,000/ take home annual pay !
At current cost of living levels you are getting a bargain.
You are forgetting the buying power of your buck. In 1972 I bought a brand new Pontiac LeMans - without trade - in for $ 3000/=. Chevy Impala was available for $ 4000/- and a Cadillac cost around $ 8000/= I have also bought gas at $ 0.18 per gallon !!!
I was saving half of my $ 13,000/ take home annual pay !
At current cost of living levels you are getting a bargain.
Not necessarily... The dollar was stronger. I'm not going to say by an exaggerated margin, but it was indeed stronger.
In the 50s/60s it was still thought/believed that you could save 10% of your take home pay & it was still a single income home. By the time I hit the work force in the mid 80s, the late 70s already started proving that society started moving to a 2 income establishment. Plus 'saving' had somehow become a 4 letter word.
Even still, a $15K car was still obtainable, but you didn't get dinner & a movie every weekend either. Not to mention the housing market obviously took a turn for toward sublime stupidity.
Frankly, 14 years later (1986) I was making $16K a year, driving a 74 Monte Carlo, paying $1 a gallon for gas & was literally just getting by in the burbs of Chicago.
Getting rid of Mrs. Russell #1 & Rock & Roll saved my life...
