Europe to Ease e-book RestrictionsAdded: Monday, November 12th, 2012
Category: Recent Headlines Involving File Sharing > Current Events
Tags:ET, p2p, Torrent, Piracy, Peer To Peer, Network, Hackers, Internet, BitTorrent, Google, utorrent, bitcomet, extratorrent, 2010, www.extratorrent.com
The European anti-trust authority is not growling at Apple and 4 publishers any more, because they agreed to ease price restrictions on Amazon. It is regarded as a victory for the online retailer which wanted to sell e-books cheaper than the others.
The representatives of the watchdog admitted that EU investigation wasn’t yet finished, but the press reports insisted that it was done and dusted. No official announcement has been made thus far, but the industry observers expect it to be made in December.
It seems that the European Union has accepted a deal from Apple and the four publishers to allow the retailers set prices or discounts for 2 years, while suspending “most-favored nation” contracts for 5 years, which had prevented the publishers, including Macmillan, from making deals with the competing retailers to sell e-books cheaper than Apple.
However, the agreements stopped the online retailers from undercutting Apple’s charges and the EC started an investigation. Although the Penguin group didn’t participate in the offer, it is also under investigation, and might even be the reason that it hasn’t formally finished yet. The European anti-trust watchdog asked for feedback from the competitors and consumers about the proposal, but didn’t ask for more concessions.
In fact, Apple will lose a lot, because it could have faced a fine of up to 10% of its global sales (this in Apple’s case would amount to $15.6 billion). In the meantime, the Department of Justice of the United States is also investigating e-book prices. Three of the publishers – HarperCollins, Simon & Schuster and Hachette – have already settled, but Apple, Penguin and Macmillan haven’t. The settlement of the Department of Justice demanded that the online retailers must at least break even selling all e-books from the available list.
The industry observers admit there was a hope that European Union regulators would include a similar requirement. This would prohibit Amazon from pricing all e-books at a loss. In the meanwhile, in the United States, the retailer has been pricing popular e-books at a loss and then was trying to make up the difference on the other titles of the publisher.
November 12th,2012Posted by:
Monday, November 12th, 2012
|posted by (2012-11-13 12:10:32)|
|forget prices why dont they start removing drm, i buy 3 or 4 e-books a month id like to read them on different devices but most are drm'd so its impossible, should be upto me and not the publishers where and how i read them after all i paid for them||
Most Popular Stories