Publishers pushing for UK antitrust inquiry into Amazon’s dominance in the book market

The Financial Times is the only UK news organisation to report that British publishers are pushing ‘for a competition inquiry into Amazon’s dominance’ of the UK’s retail book market by the Competition and Markets Authority.

Amazon accounts for two thirds of physical book sales and 80% of ebook sales in the UK. The decline of other book retailers has proven that it’s almost impossible to compete on price, and Amazon has used this lack of alternatives to force publishers, now heavily reliant on Amazon for sales, to accept pricing proposals that may be detrimental to publishers’ bottom lines while benefiting and strengthening Amazon’s hold on the market.

This move may have been inspired by Apple’s recently ruled illegal agency price-fixing scheme in the States which involved the big 5 publishers and the European Commission’s investigation on behalf of German Publishers.

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