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.
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