The last holdout, Penguin has now agreed to settle with the European Commission by making “commitments” on changes in ebook pricing and contracts. The proposed terms are “substantially the same” as those already agreed to by the other four agency publishers as well as Apple. (They will terminate existing agency agreements and move to agency lite for two years, and avoid any MFN clauses for 5 years.) As with the previous agreements, there is a a one-month comment period, after which the “commitments” can be made legally binding. In the EC’s view: “Penguin chose not to offer commitments to the […]
