Category: General|Jan 22, 2021 | Author: Admin

That's why Valve and these gaming companies received an EU fine

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The EU has fined Valve and a number of gaming companies for practicing location barriers.

Small fines - The EU says this is a "reminder" of the regulations
“More than 50 percent of all Europeans play video games. The gaming industry in Europe is booming and is worth over 17 billion euros. Today's sanctions against location blocking practiced by Valve and five video game publishers are a reminder that under EU competition rules, it is forbidden for companies with contracts to stop cross-border sales ", reports the EU and points out that EU citizens miss out on the benefits of a digital EU market "and the opportunity to shop from different places in the EU for the best deals".

Valve's fine is 1.6 million euros, while the five companies, Bandai Namco, Capcom, Focus Home, Koch Media, and ZeniMax, have to pay a total of 6 million euros. Not exactly an economic problem for these giants, but as the EU says "a reminder".

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