Apple and Book Publishers Set to Settle Antitrust Suit with EU
The EU is poised to accept and offer by Apple and four publishers embroiled in an ebooks antitrust lawsuit which checks one antitrust lawsuit off the list leaving just the DOJ to contend with.
Just as Apple is embroiled in an antitrust ebooks lawsuit in the States, Apple had a similar issue in the EU, but looks like that problem is coming to an end:
EU regulators are set to accept an offer by Apple and four book publishers allowing Amazon and other retailers to sell e-books more cheaply than Apple to end an antitrust investigation and avoid fines, two sources said on Monday.
Apple, Simon & Schuster, News Corp unit HarperCollins, Lagardere SCA’s Hachette Livre, and Verlagsgruppe Georg von Holtzbrinck, the owner of German company Macmillan, made the proposal to the European Commission in September.
As an author, I know that ebooks are essential to my book sales. Heck, some of the things planned in the near future will only come out electronically. But price is important. Although I like to get my fair share for my books, publishers are saving money on ebooks. Fewer print runs, lower shipping costs, and from personal experience I can tell you the review process is faster and easier if you don’t have to meet print deadlines.
That said, I’m glad Apple and some of the publishers are making this deal so ebook prices can fluctuate with market forces. Here’s to hoping that Apple can get things settled with the DOJ in short order.
Disclosure: My publisher is Pearson Technology Group, who are opting out of this settlement.