Wednesday, November 7, 2012

EU on E-book Price-Fixing

Apple made news a few years ago by conspiring with major publishing houses to fix prices for all E-book sales.  Last spring, most of those involves settled a U.S. antitrust case by agreeing not to set minimum prices for the sales of E-books.  Antitrust regulators in the EU have now reached a similar deal.
  Apple and major E-book publishers have agreed to allow retailers to set their own prices, and allow them to offer discounts - at least for the next couple of years.

While this is a good first step, there's a caveat.  In both settlements, their promise to not conspire to price-fix is temporary.  US and EU regulators are likely to have to restart their anti-trust probes and lawsuits in a few years.

Source -  Amazon Trumps Apple In E-book Battle, OnlineMediaDaily

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