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

Tech gifts for Christmas 2014

Is a new tablet on your wish list this festive season, or have they become yesterday’s fad?
12%
23%
12%
6%
47%

Popular Threads

Powered by Disqus
iPhone 6 is available in silver gold and space grey

iPhone 6 video review

The best iOS handset to date

Updating your subscription status Loading
Newsletters

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

newsletter sign-up button
hpv3may

Getting started with virtualisation

Virtualisation can help you reduce costs, improve application availability, and simplify IT
management. However, getting started can be challenging

ibmv3may

Converting big data and analytics insights into results

Successful leaders are infusing analytics throughout their organisations to drive smarter decisions, enable faster actions and optimise outcomes

Technical Lead / Lead .Net Developer

Technical Lead / Lead .Net Developer A Technical Lead...

Test Analyst (FINANCE SYSTEMS, Surrey)

Test Analyst (FINANCE SYSTEMS, Surrey) Due to an exciting...

VB6 Developer (VB6, T-SQL)

VB6 Developer (VB6, T-SQL) A VB6 Developer is sought...

Cognos Report Developer / Cognos BI Developer

Cognos Report Developer / Cognos BI Developer Role...
To send to more than one email address, simply separate each address with a comma.