• Fri. Feb 26th, 2021

Valve & other game distributors hit with 7.8 million euro fine

Valve Logo

Valve, Bandai Namco, Capcom, Focus Home, Koch Media and ZeniMax have received a 7.8-million-euro ($9.45 million) EU antitrust fine on Wednesday for blocking cross-border sales in Europe.

European Executive Vice- President Margrethe Vestager
European Executive Vice- President Margrethe Vestager

Valve who would not admit wrong doing have received the largest fine of 1.66 million euros while the others saw a reduction of 10-15% for admitting wrongdoing.

The penalty followed a four-year investigation, as part of the European Commission’s crackdown on cross-border curbs on online trade in the bloc. The Commission, the EU executive, said the companies’ practices prevented European consumers from shopping around in a European market worth more than 17 billion euros.

Today’s sanctions against the ‘geo-blocking’ practices of Valve and five PC video game publishers serve as a reminder that under EU competition law, companies are prohibited from contractually restricting cross-border sales

Commissioner Margrethe Vestager

The competition enforcer said that the companies bilaterally agreed to geo-block certain PC video games from outside a specific territory, affecting some 100 video games.

Latest Posts:

James O'Neill

James is a massive gaming, tech and entertainment enthusiast who is working on becoming a full time streamer and content creator.