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:

  • Hands On: Lux DLX (iOS, Android) - 8:26 AM EST
  • Briefly: Pebble SDK 3.0 preview released, Twitter security update - 10:22 PM EST
  • Android loses share to iOS in mobile enterprise arena - 10:08 PM EST
  • Hands On: CoconutBattery 3.2 (OS X, iOS) - 8:24 PM EST
  • Apple Pay now accepted at more than 860 Firehouse Subs locations in US - 6:03 PM EST
  • Apple brings iWork apps out of beta on iCloud.com; free access to all - 4:31 PM EST
  • Opponents, supporters of FCC Net Neutrality, Title II vote speak out - 2:46 PM EST
  • Daily Deals: Samsung 4K monitor, Vizio smart TV, Fujifilm bundle - 1:53 PM EST
  • Apple media event scheduled for March 9, likely to discuss Apple Watch - 12:10 PM EST
  • FCC approves net neutrality, Title II proposal in 3-2 vote - 11:52 AM EST
  • Brikk luxes out Apple watch, will ship $70k diamond encrusted model - 10:38 AM EST
  • FCC net neutrality vote today, last minute changes made to proposal - 9:45 AM EST
  • Hands On: Tube Map Pro (iOS) - 8:59 AM EST
  • WD grows My Cloud line with two Expert, two Business models - 8:53 AM EST
  • Hands On: Weather Clock Pro (iOS) - 8:29 AM EST
  • China regulators block governmental purchases of Apple, Intel hardware - 8:15 AM EST

    Today's iPodNN Stories:
  • Facebook adds reporting tools to help in suicide prevention - 3:20 PM EST
  • Google warns cities to lower bureaucracy if they want Google Fiber - 12:33 PM EST
  • Android Pay reportedly launching at Google I/O in May - 11:10 AM EST
  • LG adds LTE to second Urbane smartwatch, removes Android Wear - 8:54 AM EST
  • Google launches Android for Work with separate work, personal profiles - 7:19 AM 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.