Dodging the Penalty: AOM's Star-Studded Line-Up Breathe Easy as EU Antitrust Inquiry Closes

  • The Alliance for Open Media (AOM) avoided a potential fine following the conclusion of an inquiry into its video licensing policies by EU antitrust investigators.
  • AOM's members include Alphabet Inc GOOGL GOOG unit Google, Amazon.com Inc AMZNApple Inc AAPL and Meta Platforms META.
  • Since last year, the European Commission has been investigating suspected anti-competitive behavior linked to the license terms of AOM's new standard streaming software, called AV1, reported Reuters.
  • If companies breach EU antitrust laws, they could be fined up to 10% of their global turnover, mentioned the report.
  • Also Read: Meta's Invite-Only Ad Access Rules: French Antitrust Watchdog Calls for Transparency and Fairness
  • "The Commission decided to close the investigation for priority reasons. The closure is not a finding of compliance or non-compliance of the conduct in question with EU competition rules," added Reuters, citing an email from a spokesperson for the EU.
  • Other AOM members include Netflix Inc NFLXBroadcom Inc AVGOCisco Systems CSCOTencent Holdings ADR TCEHYIntel Corporation INTC, Huawei, Mozilla, Samsung SSNLF and Nvidia Corporation NVDA.
  • Price Action: GOOG shares are trading lower by 0.79% at $124.87 on Tuesday.
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