Amazon Kindle eBook Users To Get Refunds After Settlement

hypnosec writes "Amazon, in an email to Kindle owners, has a revealed that following the settlement in the eBook price fixing lawsuit customers will be entitled to refunds between 30 cents and $1.32 on each book purchased. If the $69 million settlement is approved, the funds will be provided as credits to customers directly in their accounts. Users may request checks for the amount of credit that has been applied to their accounts. 'If the Court approves the settlements, the account credit will appear automatically and can be used to purchase Kindle books or print books,' wrote Amazon in the email."

Comments

Re:What a Joke

[Ksevio]

In this case, Amazon wasn't the one price fixing e-books, it was the publishers. The money is just being returned via amazon who went with the account credit method. It saves a lot of processing fees, and most people who buy books on Amazon are going to buy other stuff on Amazon anyways. It isn't like Sony giving out $1.00 to be spent on more Sony CDs because of something Sony did. Amazon wanted lower prices just as much as the people buying the books.

Re:What a Joke

[Kalriath]

Perhaps read the story? Amazon isn't the defendant in the case, and Amazon isn't actually giving out any money. They're simply disbursing funds on behalf of the real defendants, Harper Collins, Hachette, and Simon and Schuster.

The real story though, is that they've finally destroyed the Agency Model that Apple introduced to force Amazon to charge whatever the publishers decided they wanted to charge, which means Amazon will finally be able to reduce the price of eBooks to historic levels.