'Amazon Accused Of Audiobook Monopoly In Author Class Action' - Reuters News
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Amazon is facing a proposed class action lawsuit accusing it of monopolizing the audiobook market, leading to higher distribution fees for authors. The lawsuit claims Amazon's exclusivity agreements impair competition and affect billions in sales. The case seeks over $5 million in damages and class action status for thousands of authors.
June 14, 2024 | 3:36 pm
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Amazon is accused of monopolizing the audiobook market, leading to higher distribution fees for authors. The lawsuit seeks over $5 million in damages and class action status for thousands of authors.
The lawsuit could lead to financial penalties and increased scrutiny from regulators, potentially impacting Amazon's stock negatively in the short term.
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