|Nov 6, 2012, 10:29 AM||#1|
European Regulators Reportedly Set to Approve Apple E-Book Settlement Proposal
Reuters reports that regulators with the European Union are preparing to approve an offer from Apple and four book publishers to settle an antitrust action related to e-book pricing.
A key part of Apple's agency model was a "most favored nation" clause that prevented publishers from selling books to other retailers at prices lower than those offered to Apple. The clause was intended to prevent Amazon from striking deals to continue undercutting other retailers, but quickly drew criticism and the attention of regulators for potential price collusion effects.
Under concessions offered by Apple and publishers in the European case, Apple's agency model would be significantly unraveled, with Amazon and others being allowed to set their own pricing for books.
Article Link: European Regulators Reportedly Set to Approve Apple E-Book Settlement Proposal
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