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Reuters: Apple, Amazon e-book battle in EU nearing a conclusion
Source have told Reuters that EU regulators are going to accept an offer by Apple and four publishers to end antitrust investigations into their e-book pricing schemes. This result essentially cedes a victory to Amazon, which will be able to sell online books for less than its competitors. Apple, Simon & Schuster, Harper Collins, Hachette Livre, and Verlagsgruppe Georg von Holtzbrinck apparently made their proposal in September. They'll let retailers set their own prices and/or discounts for two years, and will suspend controversial "most-favored nations" clauses for five years. "Most-favored nations" clauses prevent publishers from making deals with competitors like Amazon to sell e-books for less than what Apple will charge. While the European Commission hasn't publicly commented on the proposed settlement, it's likely to accept the offer and make an announcement in December.
EU regulators to accept Apple and book publishers' offer of cheaper e-books
According to Reuters, EU regulators look likely to accept an offer from Apple and a handful of publishers, including Simon & Schuster, HarperCollins, Hachette Livre and Macmillan. The assembled publishers propose that they will allow retailers (including Amazon) to sell e-books cheaper than Apple currently does. The move will attempt to end the EU's anti-trust investigation that looked into the publishers' e-book pricing model that unfairly affected retailers' ability to compete with Apple's own electronic book collection.
Apple and publishers offer deal to put price fixing scandal behind them in EU
In the US, the e-book price fixing scandal appears to be winding towards its inevitable conclusion. Many of the publishers settled with the DOJ right off the bat, and now the states themselves have gotten three publishing houses to cough up $69 million in their own agreement. (Of course, Apple, Macmillan and Penguin have all decided to go the trial route, but we'll have to wait till next year to see how that plays out.) In Europe, the battle is still raging on, but Reuters is reporting that the accused are offering concessions in a bid to put the antitrust allegations behind them. The only name missing from the list is Penguin, which may or may not be part of the plea deal. Not all the details of the proposals have been revealed yet, and there's no guarantee the commission will accept them. The heart of the settlement, however, would involve allowing Amazon to sell e-books at a discounted price for two years. Would cheaper Kindle books be good, clean fun for the whole family? Sure, but it certainly pales in comparison to the potential penalties if Apple and their publishing partners go to trial.
