EU to market test e-book settlement proposed by publishers, Apple
The European Union’s executive arm confirmed today that Apple and four e-book publishers have offered up a settlement deal on e-book price-setting that could be approved in the coming months.
According to the European Commission, Apple, Harper Collins, Hachette Livre, Macmillan, and Simon & Schuster (which is owned by CBS, the same company that publishes CNET) have agreed to terminate e-book agency pricing contracts and allow retailers to set their own prices on titles for a period of two years.
The proposed deal, which the EC did not offer an opinion on, will now be open to public…
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