Industry & Advocacy News
January 29, 2021
As you know, in November 2020, Bertelsmann announced its plans to acquire Simon & Schuster, which would take the number of Big Five publishers down to four. In response, the Authors Guild, Open Markets Institute, Horror Writers Association, National Writers Union, Novelists Inc., Romance Writers Association, Sisters in Crime, and Western Writers of America have sent the following letter to Richard Power, Acting Attorney General of the Antitrust Division at the Department of Justice, urging the DOJ not to approve the proposed acquisition and detailing the potential negative impact such a merger would have if approved.
Among the most serious concerns are:
The letter also goes on to urge the DOJ to proactively restructure the entire U.S. market for books to counteract the outsize influence of Amazon’s monopoly over book retail, given arguments that publishers need to merge to have any bargaining power.
Click here to read the letter.