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Apple Amazon Audible Antitrust Case Dropped by EU Regulators

Apple-Amazon Audible Antitrust Case Dropped by EU Regulators 16294g

By Reuters | Updated: 20 January 2017 10:15 IST

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Apple-Amazon Audible Antitrust Case Dropped by EU Regulators

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A decision by Amazon and Apple to scrap all exclusivity obligations in the supply and distribution of audiobooks will likely boost competition, EU antitrust regulators said on Thursday. 6mb1m

The companies announced their decision on January 5 after talks with the European Commission and the German Federal Cartel Office. Such curbs had prompted a complaint from the German Publishers and Booksellers Association to both regulators, triggering an investigation by the German enforcer in November 2015.

"The European Commission welcomes an agreement to end all exclusivity obligations concerning audiobook supply and distribution between Amazon's subsidiary Apple," the EU competition authority said in a statement.

The German cartel office said on Thursday it had closed its investigation into Apple and Amazon. The watchdog said that there was no further reason to continue the investigation.

The probe Amazon and Apple were abusing their dominant market position.

The publishers and booksellers said more than 90 percent of all s of audio books in were made via the Audible or Amazon sites, or via the iTunes store, which was exclusively supplied by Audible.

"With the deletion of the exclusivity agreement Apple will now have the opportunity to purchase digital audiobooks from other suppliers," Andreas Mundt, president of the German cartel office, said in a statement.

"This will enable a wider range of offer and lower prices for consumers," he added.

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