Sep 6th 2013, 15:23, by Sharif Sakr
After plenty of tussling over the DoJ's proposed injunction against Apple, preventing it from striking untoward pricing deals with e-book publishers, a judge at the Southern District Court of New York has today laid down the law. The final injunction prevents Apple from setting prices with any of its partners for between two and four years, depending on the publisher. Crucially, Apple also won't be able to make "most favored nation" pacts, in which prices and discounts are set across a range of publishers or retailers. This particular part of the injunction will last for five years -- a long time in this industry, perhaps, and one that can be extended by the court if it sees fit, but not the ten-year term that Apple's lawyers initially feared. Finally, another key clause in the ruling prevents Apple from doing business with publishers behind closed doors. For the next two years, Cupertino will have to bring in an independent third party to serve as an "Antitrust compliance officer" in all deals.
Filed under: Apple
Comments
Source: NYSD Court
No comments:
Post a Comment