Published on December 18, 2012 9:40 AM

eBook Price Fixing Cartel Makes Agreement with EU

Expect discounts!

Kindle tva
Last Thursday the European Union ended its investigation into Apple and four publishers suspected of anti-competitive practices on the European e-book market.

Four of the five publishing houses accused of forming a price fixing cartel with Apple—Harper Collins, Simon & Schuster, Hachette Livre, and Verlagsgruppe Georg von Holzbrinck—have agreed to revise their contracts with European retailers in such a way that would allow stores selling e-books to offer discounts for a period of two years.

Joaquin Almunia, the European Commissioner for Competition, stated that, "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".

The fifth publisher, Penguin, was not part of the agreement and the Commission is still working with the company to reach an accord.

> See our e-reader reviews
Add to favorites