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09-20-2012, 02:42 AM | #1 | |||
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Apple, 4 publishers reach ebook pricing agreement with European Commission
http://paidcontent.org/2012/09/19/ap...an-commission/
http://www.reuters.com/article/2012/...88I0VA20120919 Quote:
Macmillan and Apple agreed to settle in the EU and the "terms" are very similar to the USA one. Will they settle in the USA also? Quote:
Since the terms of the EU settlement largely mirror that of the USA settlement, why are Macmillan and Apple fighting the USA settlement and want to go to trial? The EU has this nice anti-trust law: Quote:
Last edited by Top100EbooksRank; 09-20-2012 at 02:52 AM. |
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09-20-2012, 03:29 AM | #2 | |
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I don't understand this:
Quote:
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09-20-2012, 03:56 AM | #3 | |
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Quote:
Graham |
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09-20-2012, 05:37 AM | #4 |
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probable lawyer gooblegook
other thing why any time limits can they go back to bad business practices after those times? |
09-20-2012, 06:31 AM | #5 | |
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Quote:
Apache |
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09-20-2012, 06:38 AM | #6 | |
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Quote:
In two years time they are free to renegotiate agency agreements provided they do not collude to bring about a fixed pricing agreement as a cartel. Note though that Apple is banned from pursuing a 'most favoured nation' clause for five years, rather than two. Graham |
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09-20-2012, 07:16 AM | #7 |
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The terms offered sound similar to what the DOJ settlement covers with one notable exception: No auditing/monitoring.
That tells you why they're *really* fighting in the US: they don't want their business and accounting practices scrutinized. I wonder why... (And, of course, they're looking to use the Brusselcrats to enforce *coordinated* limits on discounting that amount to, yes, *another* conspiracy to fix prices and limit discounting. But this one government sanctioned and enforced.) They'll probably get away with it, too, given that EU antitrust is not about consumer protection at all. Last edited by fjtorres; 09-20-2012 at 07:20 AM. |
09-20-2012, 08:50 AM | #8 |
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I don't see why there should be any restitution, to be honest. If you were willing to pay the price, you were willing to pay the price.
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09-20-2012, 09:13 AM | #9 | |
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Quote:
There's a whole school of law that flows from that concept. Try this one: http://en.wikipedia.org/wiki/Son_of_Sam_law |
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09-20-2012, 09:20 AM | #10 |
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09-20-2012, 10:44 AM | #11 |
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09-20-2012, 11:31 AM | #12 |
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The market is supposed to work based on feedback. If one company increases the prices, the consumers use another company. When the companies collude, that no longer happens, and the system is broken. The people who break the system, should make a restitution.
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09-20-2012, 11:52 AM | #13 |
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So, if I chose not to pay the higher prices, I am penalised?
I can pay the new lower price (when are these changes actually going to come into effect, anyway?), but someone who bought at the high price gets the restitution and has had the book for a year. |
09-20-2012, 11:56 AM | #14 |
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I agree with you. Eg, as mentioned in another thread, I'm happy to pay £7 for Anne McCaffrey's eBooks. If anyone doesn't think they're worth that, nobody's holding a gun to their head and forcing them to buy them. If Amazon subsequently becomes free to discount this book and it falls to, let's say, £5, that's great for future buyers, but I made the free choice to buy the book for £7; I don't think I'm entitled to get £2 refunded merely because the price falls in the future.
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09-20-2012, 11:57 AM | #15 |
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That isn't how it works. The consumers don't get the money.
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