The Competition Authority, which has launched numerous investigations into technology companies in recent months, has now launched an investigation into the audiobook platform Storytel. It was stated that the findings obtained in the preliminary research were serious and sufficient.According to the statement made by the institution, Storytel’s long-term exclusivity agreements with publishers and authors, allegedly hindering rival audiobook platforms from entering the market, will be examined. It will be decided whether it violates the 4th and 6th articles of the Law on the Protection of Competition No. 4054.
Audiobook versions of many popular books are only available on Storytel. As we know from previous investigations, the Competition Authority considers that such agreements are contrary to fair competition. An administrative fine may be imposed on Storytel as a result of the investigation.
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