Amazon wins EU ebook pricing battle with Apple and major book publishers

The European Union has accepted an offer from Apple and four major publishers to reduce pricing restrictions on content offered at Amazon and other book-sellers. After being caught out by the EU, we heard that the offer was likely to be adopted last month, and the commission has now confirmed the settlement which, according to them, "will restore normal competitive conditions in this new and fast-moving market, to the benefit of the buyers and readers of ebooks." The new setup will let retailers set prices or discounts for two years and also drop "most-favored nation" contracts for five years. This clause had previously stopped Simon & Schuster, HarperCollins, Lagardere SCA's Hachette Livre and Macmillan from striking deals to sell ebooks at other retailers at prices lower than those offered in Apple's own bookstore -- the "favored nation"Filed under: Apple, AmazonCommentsSource: Reuters, European Commission Continue reading at 'Engadget'

[ Engadget | 2012-12-13 00:00:00 UTC ]
News tagged with: #european union #major publishers #most-favored nation #lagardere sca #hachette livre #striking deals #favored nation

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The 1st International Communication Forum on Chinese Culture was held in Qingdao, China on August 24 and 25, bringing together dozens of translators and sinologists from all over the world. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-09-17 00:00:00 UTC ]
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Amazon 'readying Kindle Voyage'

Amazon is said to be readying the release of a new, smaller and thinner Kindle device called the... Continue reading at The Bookseller

[ The Bookseller | 2014-09-17 00:00:00 UTC ]
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Amazon Gives KU Authors $2.7M Bonus

Kindle Direct Publishing "All-Stars," which includes the top 100 authors and top 100 books, will split a multi-million dollar incentive. Continue reading at Publishers Weekly

[ Publishers Weekly | 2014-09-17 00:00:00 UTC ]
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Amazon Kindle's new old bug could expose your account credentials

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[ Betanews | 2014-09-17 00:00:00 UTC ]
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[ Publishers Weekly | 2014-09-17 00:00:00 UTC ]
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[ Wired | 2014-09-17 00:00:00 UTC ]
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[ Publishers Weekly | 2014-09-16 00:00:00 UTC ]
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[ Editor & Publisher | 2014-09-16 00:00:00 UTC ]
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[ The Bookseller | 2014-09-16 00:00:00 UTC ]
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[ The Bookseller | 2014-09-16 00:00:00 UTC ]
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Toon Books Switches Distribution to Consortium

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[ Publishers Weekly | 2014-09-16 00:00:00 UTC ]
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[ Editor & Publisher | 2014-09-16 00:00:00 UTC ]
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[ Publishers Weekly | 2014-09-16 00:00:00 UTC ]
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[ Publishers Weekly | 2014-09-16 00:00:00 UTC ]
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[ Publishers Weekly | 2014-09-16 00:00:00 UTC ]
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[ Publishing Perspectives | 2014-09-15 00:00:00 UTC ]
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[ BBC News | 2014-09-15 00:00:00 UTC ]
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[ Publishers Weekly | 2014-09-15 00:00:00 UTC ]
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