| Author (Corporate) | European Commission: DG Communication |
|---|---|
| Series Title | Press Release |
| Series Details | IP/12/1367 (13.12.12) |
| Publication Date | 13/12/2012 |
| Content Type | News |
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The European Commission has adopted a decision that renders legally binding commitments offered by Apple and four international publishers - Simon & Schuster (CBS Corp., USA), Harper Collins (News Corp., USA), Hachette Livre (Lagardère Publishing, France), Verlagsgruppe Georg von Holtzbrinck (Germany; owner of inter alia Macmillan). The Commission had concerns that these companies may have contrived to limit retail price competition for e-books in the European Economic Area (EEA), in breach of EU antitrust rules. To address these concerns, the companies offered in particular to terminate on-going agency agreements and to exclude certain clauses in their agency agreements during the next five years. The publishers have also offered to give retailers freedom to discount e-books, subject to certain conditions, during a two-year period. After a market test, the Commission is satisfied that the final commitments remedy the identified competition concerns it had identified. |
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| Source Link | Link to Main Source http://europa.eu/rapid/press-release_IP-12-1367_en.htm |
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| Subject Categories | Internal Markets |
| Countries / Regions | Europe |
