Title: Ka-ching! Amazon explains benefits from ebook price-fixing settlement Post by: HCK on September 03, 2013, 03:01:23 pm Ka-ching! Amazon explains benefits from ebook price-fixing settlement
The direct results of the ebook price fixing scandal between Apple and the five major U.S. book publishers are one-step closer to turning into real money for millions of Amazon customers. The online retailer recently began sending out email notifications to Kindle ebook buyers telling them how much credit to expect as a result of the payout from the five major publishers. “While we will not know the amount of your credit until the Court approves the settlements,” Amazon said in the email. “It is estimated that it will range from $0.73 to $3.06 for every eligible Kindle book that you purchased.” An official posting on Amazon’s forum says the payout could be as high as $3.82 per ebook. Previously, credits to Amazon customers were expected to be between $0.31 and $1.32 for every purchased ebook. The new settlement increase is the result of the final two of the big five publishers (MacMillan and Penguin Group) reaching a settlement with the Attorneys General of most U.S. States over the price-fixing suit. To read this article in full or to leave a comment, please click here http://www.macworld.com/article/2048003/ka-ching-apple-ebook-ruling-could-turn-into-real-money-for-millions-of-amazon-customers.html#tk.rss_all |