Get Even More Visitors To Your Blog, Upgrade To A Business Listing >>

Amazon Offers To Scrap Ebook Clauses To Settle EU Antitrust Probe

U.S. online retailer Amazon has offered to alter its e-book contracts with publishers in a bid to end an EU antitrust probe and stave off a possible fine, the European Commission said on Tuesday. From a report: Amazon, the biggest e-book distributor in Europe, proposed to drop some clauses in its contracts so publishers will not be forced to give it terms as good as those for rivals, the Commission said. Such clauses relate to business models, release dates, catalogs of e-books, features of e-books, promotions, agency prices, agency commissions and wholesale prices. The Commission opened an investigation into the company's e-books in English and German in June 2015, concerned that such parity clauses make it harder for other e-book retailers to compete with Amazon by developing new and innovative products and services. The EU competition enforcer gave rivals and customers a month to provide feedback before it decides whether to accept the proposal. Under EU antitrust rules, such settlements mean no finding of infringement nor fines which could reach 10 percent of a company's global turnover.

Read more of this story at Slashdot.



This post first appeared on Werbung Austria - Slashdot, please read the originial post: here

Share the post

Amazon Offers To Scrap Ebook Clauses To Settle EU Antitrust Probe

×

Subscribe to Werbung Austria - Slashdot

Get updates delivered right to your inbox!

Thank you for your subscription

×