Amazon to forgo Most Favored Nation clauses in the EU

[fjtorres]

...for the next five years.

From the Digital Reader Blog:

https://the-digital-reader.com/2017/...ntitrust-case/

The most-favored-nation clause is a tool invented by Apple and used by Amazon to prevent being undercut by price competition. It is on house arrest in the European ebook market for the next five years.

The European Commission said on Thursday it had accepted commitments from Amazon to alter its ebook contracts with publishers to end an EU antitrust investigation.

Amazon, the biggest ebook distributor in Europe, proposed to drop some clauses in its contracts so publishers would not be forced to give it terms as good as those for rivals.

Such clauses relate to business models, release dates, catalogs of ebooks, features of ebooks, promotions, agency prices, agency commissions and wholesale prices.

More at the source.

What this means: Amazon can't *demand* the lowest wholesale price
What it doesn't mean: cheaper prices at other ebookstores

A whole lot of sound and fury...