Sorry, Apple—French publishers will set the price you can charge for their e-books, according to a new French law.
Passed last week by both houses of the French parliament, the new law updates France's 1981 "Lang Law" setting prices for paper books. Under that law, publishers could print their price on the back cover a book and every bookstore in the country had to sell it for about that price. A tiny 5 percent discount was the maximum allowed by law, as Amazon found out years ago when a judge held it liable for violating the Lang Law by offering free shipping on its books. (This amounted to more than 5 percent off the list price.)
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