Credit: Michael J Berlin/Adobe Stock Amazon Accused of Monopolizing Audiobook Market in Antitrust Class Action
"Audiobooks are listened to by millions of Americans. We are proud to represent a proposed class of authors who create the content we enjoy and are striving in this case to unwind and undo the harm authors have suffered by amazons' abusive monopoly practices. Taking 60 to 75 percent of sales is outrageous and amazon is able to do so only because of its monopoly power," Reiss' attorney, Steve Berman of Hagens Berman Sobol Shapiro, in Seattle said.
June 14, 2024 at 01:55 PM
4 minute read
Antitrust
Amazon.com is accused of monopolizing the audiobook market in an antitrust class action filed in Seattle Thursday, with the suit stemming from the company's alleged market power over authors via its audiobook platform Audible.
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