Home
Internet
Internet News
Amazon Bows to EU's Demands on Ebooks

Amazon Bows to EU's Demands on Ebooks

By Agence France-Presse | Updated: 4 May 2017 17:23 IST

Click Here to Add Gadgets360 As A Trusted Source

The EU said Thursday that Amazon had bowed to its demands and agreed to drop clauses requiring ebook publishers to disclose information about their deals with the US retail giant's rivals.

In order to avoid potentially huge fines, Amazon "will no longer enforce or introduce these clauses in agreements with publishers," the EU Commission said in a statement.

"The clauses may have led to less choice, less innovation and higher prices for consumers due to less overall competition" in the EU, it added.

In a battle dating back to 2015, the EU argued that Amazon's contracts with ebook publishers violated the bloc's anti-trust laws because publishers were required to reveal their other deals with rivals.

They were also compelled to give Amazon equal or better terms than they offered to rivals.

But Amazon has now agreed to amend those clauses, Brussels said.

Amazon said in a statement it was "pleased" to have reached an agreement with the commission.

"We will continue working to help authors and publishers reach more readers, improve the digital reading experience, and bring our customers the best possible prices and selection," it added.

The case ends as Amazon is fighting a far bigger anti-trust case with the European Commission over its tax affairs in Luxembourg.

Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.