The Investigation on Storytel Turkey Yayıncılık Hizmetleri AŞ terminated in response to the commitments received

Summary:

The Competition Board has accepted STORYTEL's final commitments package regarding allegations that the company violated competitive rules by signing long-term exclusive agreements with publishing houses and authors for online audio book streaming services. According to the commitments, STORYTEL will:

Amend existing narration licensing agreements to avoid exclusive rights for producing audio versions of books that have been in effect for over a year.
Ensure that existing agreements that have been in effect for less than a year will not grant exclusive rights to STORYTEL after a year following the agreement's signature.
Not grant exclusive rights to STORYTEL for content distributed via content distribution agreements.
Remove obligations for narrators to narrate exclusively for STORYTEL.

These commitments aim to eliminate competitive issues and ensure a fair market for online audio book streaming services.