Apple, Book Publishers May Settle EU Investigation in One Month
September 20, 2012 8:07 AM
comment(s) - last by
Apple and the four publishers offered to let Amazon and other retailers sell e-books at a reduced price for two years
Apple and the four major book publishers under the EU microscope have officially
offered a solution
to their e-book troubles: allow Amazon and other e-tailers to sell e-books at a discount.
This proposal was originally brought up back in August, where Apple and publishers Harper Collins (News Corp., USA), Simon & Schuster (CBS Corp., USA), Hachette Livre (Lagardère Publishing France) and Verlagsgruppe Georg von Holzbrinck (owner of inter alia Macmillan, Germany) attempted to settle the investigation by the European Commission. Penguin, the fifth book publisher involved in the case, did not submit a settlement proposal.
The proposal is that the publishers will not restrict or limit an e-book sellers' ability to set, change or reduce e-book prices for two years. They also won't interfere with an e-book retailer's choice to offer discounts.
In addition, Apple and the publishers have agreed to suspend "most favored nation" contracts for five years, which stopped publishers from allowing other e-book sellers, like Amazon, sell e-books at lower prices than Apple.
The Commission said it is considering the settlement proposal offered by Apple and the four publishers. It will now allow third parties to offer their opinions, and in one month, the Commission will decide to either end the investigation or continue.
While the EU investigation may soon come to a close, the same can't be said for the U.S. Department of Justice's investigation into the same issue. DOJ sued Apple and the same five publishers in April 2012, and soon after three publishers made settlement deals with the government (Harper Collins, Simon & Schuster and Hachette Livre).
Apple, Penguin and Macmillan, on the other hand, will duke it out with the DOJ at the
U.S. bench trial on June 3, 2013
This article is over a month old, voting and posting comments is disabled
Oh! Can't break the law now....I'll come back later..say 2 to 5 years?
9/20/2012 3:00:57 PM
"The proposal is that the publishers will not restrict .....for TWO YEARS. In addition, Apple and the publishers have agreed to suspend ... for FIVE YEARS"
So Apples response is....we'll just FRACK the consumers later.
I'm racking by brains wondering WHO THE HE_LL would accept this "Proposal"? Unless the world ends in two years....then there is no REAL correction of the collusion that Apple and the publishers executed...just a delay. The timeline in which a price control occurs.....does not change the FACT that its a price control and anti-competitive.
Can we just shoot the SOB who was was ballsy enough to even submit this joke of a "Proposal" My God, how Fracking stupid are these people....or does Apple think WE are the idiots and will forget about this in time?
It's like a known drug dealer saying in court that he will suspend selling drugs for two years, but then its game on after that. Any judge who remotely considers Apples "Proposal" as a viable choice is asleep at the wheel.
I'm guessing Apple doesn't give its consumers much credit...least I quote the dead Steve Jobs...."You're holding it wrong". Just wish his company died with him. I'm continually disgusted with Apples Method of Operations. Wouldn't be surprised if the mob was used as a model for extorting money.
RE: Oh! Can't break the law now....I'll come back later..say 2 to 5 years?
9/20/2012 8:55:36 PM
Ya, Apple pretty much said we'll fck the customer in 5 years at least.
"You can bet that Sony built a long-term business plan about being successful in Japan and that business plan is crumbling." -- Peter Moore, 24 hours before his Microsoft resignation
Apple, Publishers Make Offers to Settle EU Ebook Investigation
August 31, 2012, 11:53 AM
Apple E-Book Trial Set for June 2013
June 27, 2012, 5:42 PM
More Evidence Points Towards 1GB of RAM for iPhone 6, iPhone 6 Plus
September 16, 2014, 3:35 PM
D-Link Offers Lower Priced Wi-Fi Smart Plug to Remotely Power On/Off Your Devices
September 16, 2014, 2:22 PM
Microsoft Hopes Android, iOS Users Will Check Out Its Mobile Universal Keyboard
September 16, 2014, 1:51 PM
China Mobile Looks to iPhone, Galaxy Smartphone Subsidies, Will Push Cheap 4G Phones
September 16, 2014, 11:24 AM
Quick Note: NVIDIA Offers Up 32GB, LTE-equipped SHIELD Tablet for Pre-order
September 16, 2014, 10:22 AM
PayPal Takes Potshot at Apple Pay, Mentioning iCloud Breach in New Ad
September 16, 2014, 7:24 AM
Most Popular Articles
Dell Announces "World's Thinnest" Tablet: The Venue 8 7000 Series
September 11, 2014, 8:51 AM
Apple Announces Its Smartwatch: The $349 Apple Watch
September 9, 2014, 2:09 PM
Quick Note: Buy an Xbox One Sept 7-13, Get a Free Game
September 4, 2014, 10:42 AM
Quick Note: Microsoft to Ditch Windows Phone, Nokia Branding
September 10, 2014, 2:14 PM
Apple Announces 4.7" iPhone 6, 5.5" iPhone 6 Plus
September 9, 2014, 1:45 PM
Latest Blog Posts
Space Terrorism is a Looming Threat For the United States
Apr 23, 2014, 7:47 PM
Facebook Aims to Provide Internet to "Every Person in the World" with Drones, Satellites
Apr 1, 2014, 10:20 AM
Retail Mobile Sites Experience Outages in Light of Simplexity's Bankruptcy
Mar 14, 2014, 8:48 AM
Tesla vs. BMW: Who Has the Safer EV?
Feb 1, 2014, 2:56 PM
Justice Leaks Details of Next HTC One Two Flagship Phone
Dec 5, 2013, 4:04 PM
More Blog Posts
Copyright 2014 DailyTech LLC. -
Terms, Conditions & Privacy Information