Wednesday, March 2, 2011

European regulators are right: agency pricing = price fixing

Europe confirms raids on ebook publishers • The Register: "The European Commission has confirmed it raided several companies involved in ebook publishing. The regulators said it carried out 'unannounced inspections' at ebook publishing companies in several member states because it has reason to believe they may have 'violated EU antitrust rules that prohibit cartels and other restrictive practices'." They shot down the Net Book Agreement and, mark me, they'll bring down Agency Pricing.