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Archive for 09/01/2008

The EU drops antitrust case against Apple’s iTunes

320911626-eu-drops-antitrust-case-against-apple-s-itunes.jpgApple escaped on Wednesday a potentially costly antitrust battle with EU competition regulators after promising to cut British prices for music downloads on its popular iTunes online media store.

The European Commission said it was dropping its antitrust case against Apple after the US computer maker announced plans to lower British prices for song downloads to the same level as in other EU countries. “The Commission is very much in favour of solutions which allow consumers to benefit from a truly single market for music downloads,” Competition Commissioner Neelie Kroes said in a statement.

EU regulators levelled formal antitrust charges against Apple and major record companies in April 2007 for charging different prices for the same downloads in different EU countries.

Under the arrangement, British consumers currently pay nearly 10 percent more than their peers in countries using the euro because iTunes users can only download music from the site in the country where they live.

The US computer giant, which also makes hugely popular iPod media players, said Wednesday it would lower prices in Britain within six months in order to standardise British prices with those elsewhere in Europe.

Source: Yahoo News


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