Feeds

Affected by ebook price-fixing? Amazon has a few shiny pennies for you

Publishers' settlement cash will go to customers

Next gen security for virtualised datacentres

Amazon has gleefully started contacting US ebook customers about the funds they're entitled to claim after three publishers settled price-fixing lawsuits.

The Kindle-maker told customers that they'd be getting partial refunds of $0.30 to $1.32 for each eligible ebook bought between April 2010 and May 2012.

Ebooks will be eligible if they were published by Hachette, Simon & Schuster or HarperCollins, the three publishers that settled the case, leaving Apple, Penguin and Macmillan still fighting on.

"We have good news," Amazon crowed. "You are entitled to a credit for some of your past e-book purchases as a result of legal settlements between several major e-book publishers and the Attorneys General of most US states and territories, including yours."

The refunds aren't really going to cover the difference between a lot of the books' prices and the amount customers would have paid if Amazon was pricing them, but the affected punters should be in line for a few cents an ebook - providing the settlements get approved next February. The etailer said it would shove the compensation into folks' Amazon accounts or they could request a cheque.

"In addition to the account credit, the settlements impose limitations on the publishers' ability to set e-book prices," Amazon gloated. "We think these settlements are a big win for customers and look forward to lowering prices on more Kindle books in the future."

Antitrust cases against Apple and the five publishers have included class action lawsuits and regulator clashes both in the US and in Europe. At issue were Apple's agency contracts, which allowed publishers to set the prices while the fruity firm took a percentage cut. Before Apple got into ebooks, the tomes were sold like the paper version, bought from the publisher at cost and then sold for whatever the seller wanted.

Since Amazon was selling the ebooks at cost or lower to gobble up market share, the publishers pounced on the agency contracts and made them the norm for ebooks. This would have been fine – the issue at hand is the allegation that some of the vendors colluded with each other on what the ebooks' new prices should be. ®

The essential guide to IT transformation

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Ex-IBM CEO John Akers dies at 79
An era disrupted by the advent of the PC
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?