EU regulators to accept Apple offer in ebook pricing case
TweetFollow Us on Twitter

EU regulators to accept Apple offer in ebook pricing case


European Union regulators will apparently accept an offer by Apple and four publishers to end an antitrust probe into their e-book prices, "handing Amazon victory in a bid to sell online books cheaper than its rivals," reports "Reuters" (http://macte.ch/pVRd1), quoting two unnamed sources.

Apple and the publishers have offered to let retailers set their own prices or discounts for a period of two years, and also to suspend "most-favored nation" contracts for five years, the article adds. Such clauses bar publishers from making deals with rival retailers to sell e-books more cheaply than Apple.

Apple has been sued in Europe, the U.S. and Canada for collaborating with publishers to "fix" ebook prices. The brouhaha centers on Apple's move to change the way that publishers charged for e-books as it prepared to introduce its first iPad in 2010. Traditionally, publishers sold books to retailers for roughly half of the recommended cover price. Under that "wholesale model," booksellers were then free to offer those books to customers for less than the cover price if they wished.

Apple suggested moving to an "agency model," under which the publishers would set the price of the book and Apple would take a 30% cut. However, Apple also insisted that publishers couldn't let rival retailers sell the same book at a lower price.

 
AAPL
$130.28
Apple Inc.
-1.50
GOOG
$532.11
Google Inc.
-7.67
MSFT
$46.86
Microsoft Corporation
-0.59
MacNews Search:
Community Search:
view counter

view counter
view counter
view counter
view counter
view counter
view counter

Block Fortress has a Big New Update for...
Block Fortress is a survival-style game that's as fun as it is blocky. It's also just gotten a rather sizeable update that adds a lot more cool stuff. [Read more] | Read more »
Simple and Surreal Star Base Sim rymdkap...
I really like rymdkapsel. Not just because I'm a sucker for games that are cleverly simple or highly stylisitc, but because it's fun and challenging. Actually it's extremely challenging, which is why I was excited to learn that it's getting a couple of new gameplay modes in the near future. [Read more] | Read more »
Check out the anticipated Angel Stone in...
Fincon has finally revealed Angel Stone in action in the first ever official gameplay trailer for the anticipated hack and slasher. Angel Stone is set in a post-apocalyptic world in which humanity is in danger of being wiped out by the demonic Legion. [Read more] | Read more »
Moleskine Timepage is an All-New Calenda...
Moleskine Timepage is a bit of a departure for the notebook manufacturer (since it has little to do with notebooks), but it certainly carries their simple and elegant style quite well. [Read more] | Read more »
Jog on Over and Check Out the New Runtas...
Runtastic has put out a fair number of apps to help you sleep, track excercise, and train various parts of your body. Now it's time for your legs to have their own time in the spotlight with Runtastic Leg Trainer. [Read more] | Read more »
It's Lights Out in the Upcoming Pla...
Ember’s Journey is a stark puzzle platformer with a twist: the entire game is played in darkness. The only light you can see by is the one emanating from your own character. [Read more] | Read more »
MooVee - Your Movies Guru (Entertainmen...
MooVee - Your Movies Guru 1.0 Device: iOS iPhone Category: Entertainment Price: $1.99, Version: 1.0 (iTunes) Description: MooVee helps you effortlessly manage your movies, on your iPhone. | Read more »
Geometry Wars 3: Dimensions (Games)
Geometry Wars 3: Dimensions 1.0.0 Device: iOS Universal Category: Games Price: $4.99, Version: 1.0.0 (iTunes) Description: Enjoy the next chapter in the award-winning Geometry Wars franchise and enjoy stunning, console-quality graphics as you battle through waves of enemies in this frenetic arcade shooter! • 50 Adventure levels... | Read more »
CHAOS RINGS Ⅲ (Games)
CHAOS RINGS Ⅲ 1.0.0 Device: iOS Universal Category: Games Price: $19.99, Version: 1.0.0 (iTunes) Description: The newest addition to the popular smartphone RPG series is finally here!・CHAOS RINGS Overview | Read more »
The Popular Insight Series of Travel Gui...
Getting around in a country when you can't understand the primary language can be tough. Fortunately there are several options available to help wold travellers with the important stuff like giving directions to a cab driver or asking where the restroom is. Now we can add the Insight Guides Phrasebook app to that list. [Read more] | Read more »
All contents are Copyright 1984-2010 by Xplain Corporation. All rights reserved. Theme designed by Icreon.