All the latest UK technology news, reviews and analysis


Penguin offers to settle Apple e-book price-fixing charges

19 Apr 2013
Apple iBooks 2

Book publisher Penguin has proposed scrapping its e-books deal with Apple, in an effort to avoid antitrust action by the European Commission.

According to the EC's competition regulators, Penguin, part of the Pearson media group, has also offered to put a five-year moratorium on entering so-called 'most favoured nation' (MFN) clauses.

Under the MFN clauses, publishers were able to dictate the prices they charged for e-books providing Apple got a 30 percent slice. The Commission said it believed such arrangements enabled publishers to fix prices for e-books, with Apple's collusion.

“The Commission has concerns that this switch may have been the result of collusion between competing publishers, with the help of Apple, and may have aimed at raising retail prices of e-books in the EEA [European Economic Area] or preventing the emergence of lower prices,” EC officials said in a statement.

Last December, Apple and other publishers caught up in the EC investigation, Simon & Schuster, Harper Collins, Hachette and Holtzbrinck made similar pledges, which the Commission agreed to.

Those involved could have been fined up to 10 percent of their global annual revenues for breaching Europe's competition rules.

Online retailer Amazon will emerge the clear winner here, as it already enjoys a significant presence in the European e-books market.

  • Comment  
  • Tweet  
  • Google plus  
  • Facebook  
  • LinkedIn  
  • Stumble Upon  
More on Law
What do you think?
blog comments powered by Disqus
Poll

BYOD vs CYOD vs BYOC poll

Which approach is your firm taking to managing employees' mobile devices?
20%
14%
4%
20%
30%
12%

Popular Threads

Powered by Disqus
Galaxy S5 vs Xperia Z2 home screen

Xperia Z2 vs Galaxy S5

We break down the strengths and weaknesses of the two Android heavyweights

Updating your subscription status Loading
Newsletters

Get the latest news (daily or weekly) direct to your inbox with V3 newsletters.

newsletter sign-up button
hpv33

Data protection: the key challenges

Deduplication is a foundational technology for efficient backup and recovery

rdc2

iPad makes its mark in the enterprise

The iPad can become a supercharged unified communications endpoint, allowing users to enhance their productivity

Software Development Engineer

Develop: Customise: Configure. Maximise your technical...

Junior Developer Hedge Fund C# WPF .Net - London

Junior Developer C# .Net - Mayfair Hedge Fund Junior...

IT Database Administrator (SQL)

Say hello to big brands & bigger career opportunities...

Magento Developer

Tile Mountain is a one stop online shop for all your...
To send to more than one email address, simply separate each address with a comma.