MacNN | EU ready to accept deal with Apple, book publishers
Mac News Network View: Standard | Headlines | Categorized | Slim
Mac News Network
Mac News iPod News Reviews Forums
 

Desktop Headlines
EU ready to accept deal with Apple, book publishers
Tuesday, November 6, 2012 @ 12:26pm

Regulators with the European Union are prepared to accept a proposal by Apple and four publishers to end an antitrust investigation into ebook pricing, Reuters sources say. Under the terms of the arrangement, Apple and the publishers would let retailers set their own prices and discounts for at least two years. The deal would also suspend "most-favored nation" contracts for at least five years; in this case, for instance, it would block contracts stopping retailers from selling books more cheaply than Apple.



Apple, Simon & Schuster, Hachette, and Macmillan are said to have made the proposal in September; Penguin, one of the parties under investigation, reportedly wasn't involved in the offer to the EU. One the sources adds that the European Commission hasn't asked for any more concessions, and suggests that the Commission will likely accept the proposal and make an announcement next month. Publishers have been accused of conspiring with Apple to favor the iBookstore and undercut Amazon, the leading ebook vendor. Before the iBookstore was launched publishers are thought to have been upset at how low the prices for Amazon's Kindle titles were, and switched to an agency model which gave Apple an artificial edge.

Comments on this Article
Print Friendly Version
Email to a Friend
Add MacNN to Your RSS Feeds
Buy from the Apple Store


Related Stories:

Today's MacNN Stories:

  • Apple: bargain priced MacBook Pros from $929 - 3:47 PM EST
  • DealNN: Sony cameras, 3D TVs, Harman Kardon earbuds and more - 3:45 PM EST
  • Google Maps extends navigation, adds 'Missing Places' to apps - 1:17 PM EST
  • Cook appears at Palo Alto Apple Store, Ahrendts shows in Sydney - 12:58 PM EST
  • Friday Deals: 240GB SSD, touchscreen monitor, $15 iTunes card for $10 - 12:31 PM EST
  • SACOM protests labor abuses during Hong Kong iPhone 6 launch - 11:49 AM EST
  • Fifth Avenue iPhone 6 line spans 12 blocks; 6 Plus in low US supply - 10:26 AM EST
  • iOS 8 is Apple's first large-scale use of its new CDN, firm says - 9:30 AM EST
  • Virgin Atlantic to offer Gogo in-flight Wi-Fi on entire plane fleet - 7:51 AM EST
  • Briefly: Pebble firmware update, Netflix out in two more countries - 6:43 AM EST
  • First look: iPhone 6, 6 Plus - 3:02 AM EST
  • Wozniak on the iPhone 6: 'I've gotten rid of my Android phones' - 1:42 AM EST

    Today's iPodNN Stories:
  • Vodafone plans takeover of 140 Phones 4U stores, save 900 jobs - 3:33 PM EST
  • Nokia.com visitors in United Kingdom redirected to Microsoft site - 11:05 AM EST
  • Sony reveals SmartEyeglass headset prototype, releases SDK - 5:53 AM EST
  • Nvidia announces GTX 970, 980 cards with Maxwell GPU architecture - 12:30 AM EST
  • China denies hacking involvement uncovered in US committee report - 10:26 PM EST
  • No comments posted on this story yet. Please post yours.
    Your Comments
    In order to post comments, you must be a registered member of the MacNN Forums and logged in. Please login with your MacNN Forums username and password.

    MacNN Forums Login:

    MacNN Forums Password:

    Not a member of the MacNN forums? Register now for free.