Apple And Other Publishers Offer Retailers Discounted eBooks To Avoid EU Antitrust Fine

Posted on Aug 31 2012 - 12:53pm by Editorial Staff

silver apple logo1 Apple And Others e book Lawsuit Will Destroy Publishing Industry, Says Senator

In a big to end an EU antitrust investigation and stave off from fines, Apple and four other major publishers decided to offer retailers such as Amazon to sell e-books at a discount for two years, reports Reuters. The four publishers are Simon & Schuster, News Corp unit HarperCollins, French group Lagardere SCA’s Hachette Livre and Verlagsgruppe Georg von Holtzbrinck, which owns Macmillan in Germany. The publication also specifies that with deal, the retailers such as Amazon could not sell the books at a lower price and citing source “the commission is market testing the commitments on an informal basis.”

(Photo Credit: mattbuchanan via photopin cc @ Featured Image)

About the Author

Editorial Staff at I2Mag is a team of subject experts.