MacNN | EU ends antitrust investigation into e-book deals
Mac News Network View: Standard | Headlines | Categorized | Slim
Mac News Network
Mac News iPod News Reviews Forums
 

Desktop Headlines
EU ends antitrust investigation into e-book deals
Thursday, December 13, 2012 @ 11:17am

European Commission regulators have accepted a concession offer from Apple and four major book publishers and halted an antitrust investigation into e-book pricing, Reuters reports. "The commitments proposed by Apple and the four publishers will restore normal competitive conditions in this new and fast-moving market, to the benefit of the buyers and readers of e-books," claims EU Competition Commissioner Joaquin Almunia. The publishers include Simon & Schuster, HarperCollins, Hachette, and Macmillan.



Under the terms of the agreement, Apple and the publishers will have to let retailers set their own e-book prices for at least two years; any "most-favoured nation" contracts have been scratched for five years. Such contracts prevent publishers from making deals with rival retailers to sell books at a lower price. In the case that prompted the EU probe, Apple was mandating that prices couldn't be set any lower than they were on the iBookstore, a move that was widely believed to be aimed at sabotaging the low prices Amazon was offering for Kindle books. Despite the arrangement, and the popularity of the iPhone and iPad, Apple is still a minor player in the e-book market. Amazon controls 65 percent of US sales, followed by Barnes & Noble at 27 percent. That leaves every other e-book seller scrambling for just 8 percent.

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:

  • Report: Yosemite already accounting for 3.3 percent of all Macs - 7:53 PM EST
  • Some AppleSeed testers gain access to new iCloud for Windows beta - 5:46 PM EST
  • Apple opens 'Product Integrity Inclusion and Diversity' scholarship - 5:07 PM EST
  • AT&T complains about unfairness of municipal broadband to FCC - 4:22 PM EST
  • Atlanta to get Cumberland Mall Apple Store on Saturday - 3:38 PM EST
  • Google Enterprise services rebranding as 'Google for Work' - 3:07 PM EST
  • Apple: Celebrity photo leaks not result of iCloud breach - 3:06 PM EST
  • Apple seeds OS X Yosemite Developer Preview 7 [u] - 1:54 PM EST
  • Office for iPad updates with support for monthly subscriptions - 1:40 PM EST
  • Native Instruments announces Komplete 10 bundles, new keyboards - 12:49 PM EST
  • Briefly: PDF Forms 3.0, SWISS Airlines to use iPad in cockpit - 12:40 PM EST
  • Forums: new channels on Apple TV and more - 12:09 PM EST
  • Apple deals: Mac desktops from $929 - 12:08 PM EST
  • DealNN: iPad mini for $200 - 12:07 PM EST
  • Sonos software update adds home Wi-Fi support to speaker system - 11:49 AM EST
  • Video shows alleged rear shell for 5.5-inch iPhone [u] - 10:33 AM EST
  • Sony QX1 Smart Lens leaks with E-Mount lens compatibility - 9:55 AM EST
  • iWatch still in engineering verification phase, rumor claims - 9:47 AM EST
  • Uber Germany facing shutdown country wide, appealing order - 9:26 AM EST
  • Elgato launches trio of HomeKit compatible home automation devices - 8:01 AM EST
  • Briefly: LinkedIn retires InMaps, BBC's kids' coding, computing shows - 1:00 AM EST

    Today's iPodNN Stories:
  • HyperX shows off Predator DDR4 RAM, headsets, mouse pads at PAX Prime - 9:30 PM EST
  • Home Depot investigating possible credit card data breach - 6:39 PM EST
  • Gaems details new devices including M240, release date set for M155 - 6:25 PM EST
  • Ouya reportedly receiving attention over potential acquisition - 4:09 PM EST
  • BlackBerry invitations to three events hint at Passport launch - 1:07 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.