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Author Topic: Ka-ching! Amazon explains benefits from ebook price-fixing settlement  (Read 402 times)
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« on: September 02, 2013, 11:01:13 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 e-mail 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 e-mail. “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 e-book. 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
   
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