BRUSSELS (AP) — Amazon has agreed to change parts of its e-book contracts with publishers in an effort to avoid European Union fines for anti-competitive behavior.
The European Commission said Tuesday that the online giant has committed not to enforce any contract clause that might force publishers to offer Amazon similar terms and conditions as those offered to competitors.
Publishers can also terminate e-book contracts that contain a certain clause linking discount possibilities for an e-book to the retail price of it on another platform.
The commitment would apply for five years to agreements reached in Europe.
Most Read Business Stories
- Boeing wants more workers in the office to ramp up production. Not everyone wants to go back
- What you must know to ‘grin and bear’ this market
- Microsoft says employees will continue to have access to abortion and gender-affirming care anywhere in the U.S.
- Major WA employers commit to maintaining abortion access for employees
- North Dakota farmland purchase tied to Bill Gates stirs emotion
The Commission, which polices anti-trust issues, says Amazon’s “parity clauses” could breach EU rules, reduce competition and limit choice for consumers.
It’s called on publishers and interested parties to give feedback on Amazon’s pledges.