Amazon customers get credits from ebook settlement
Amazon starts doling out e-book credits as part of the price-fixing settlement publishers reached with trustbusters last year.
Seattle Times business reporter
Some Amazon.com e-book customers received credits Tuesday as part of the $166 million price-fixing settlement five book publishers reached with the U.S. Department of Justice.
The payments, which vary depending on how many ebooks consumers bought between April 1, 2010m and May 21, 2012, stem from an antitrust suit filed in April 2012 that accused the publishers of conspiring to raise prices to undermine Amazon’s grip on the e-book business. Customers received $3.17 for every New York Times bestseller purchased during this time, and 73 cents for other books (though Minnesota residents got slightly more because their attorney general negotiated a separate deal).
Those publishers — Macmillan, Penguin, Hachette, HarperCollins, and Simon & Schuster — provided the funds, which are being handed out by Amazon and other e-book sellers, including Barnes & Noble, Kobo, and Apple. Details about the settlement can be found at www.sagsettlements.com.
Apple, which chose not to settle the case, was ordered last fall to modify its contracts with publishers and hire an outside monitor to make sure the company complies with antitrust laws. A trial to determine damages that Apple may be required to pay is expected to start later this year.
Jay Greene: 206-464-2231 or firstname.lastname@example.org. Twitter: iamjaygreene