Amazon Hands Out Settlements from eBook Price Fixing CaseCategory: General News
Posted: March 26, 2014 12:00AM
If you happened to check your email today, you may have found something from Amazon saying you received credit for past eBook purchases. It's the direct result of the eBook price fixing scheme ran by Apple and five book publishers to try and get the price above what Amazon was charging. A lawsuit resulted, which ended up with the five publishers settling and Apple getting hit with a five-year anti-competitive ban (something it's still appealing). The good news from it all is credit is now finding its way to Amazon customers who purchased an eBook from Hachette, HarperCollins, Simon & Schuster, Macmillan, and Penguin between April 1, 2010, and May 21, 2012. Credit amounts are variable, with anything from under a dollar to $20 (and maybe higher) being possible based on how many eBooks you bought. Residents in Minnesota (current or former) that purchased an eBook are entitled to a little bit more due to a separate term negotiation because the state's attorney general didn't participate in the original lawsuit.
Anyone receiving credit from Amazon can put it towards any book available on the website, regardless of it being a physical or digital copy. It could help ease the price on something you've had an eye on, or maybe completely fund a new book if you get a lot of credit. Just be sure to use the credit by March 31, 2015, otherwise it will expire. All credit should have gone out by now, so check any folders in your email inbox (or the first source below) to find out if you received any.