Amazon's e-book gift for Kindle owners
Source: Agencies |
October 15, 2012, Monday
|
Print Edition
Print Edition
OWNERS of Amazon.com's Kindle e-readers will receive refunds on past e-book purchases and see e-book prices drop if a judge approves legal settlements with publishers accused of fixing prices, the Internet retailer has said.
Amazon told Kindle owners in emails on Saturday that they could receive a refund of between 30 US cents and US$1.32 for e-books they bought between April 2010 and May 2012. The books must have been published by three publishers who have agreed to settle a lawsuit that accused them of inflating e-book prices.
The settlements are subject to court approval.
If approved, the settlements would also limit the publishers' ability to set future e-book prices, which should lead to lower costs for Kindle users, according to Amazon. "We think these settlements are a big win for customers and look forward to lowering prices on more Kindle books in the future," Amazon said in the emails.
The settlements came about after the United States Justice Department in April accused Apple Inc and five publishers of illegally colluding on prices as part of an effort to fight Amazon's dominance of e-books.
Three of the publishers - News Corp's HarperCollins Publishers Inc, CBS Corp's Simon & Schuster Inc and Lagardere SCA's Hachette Book Group - decided to settle. Amazon was not a party to this lawsuit.
Amazon told Kindle owners in emails on Saturday that they could receive a refund of between 30 US cents and US$1.32 for e-books they bought between April 2010 and May 2012. The books must have been published by three publishers who have agreed to settle a lawsuit that accused them of inflating e-book prices.
The settlements are subject to court approval.
If approved, the settlements would also limit the publishers' ability to set future e-book prices, which should lead to lower costs for Kindle users, according to Amazon. "We think these settlements are a big win for customers and look forward to lowering prices on more Kindle books in the future," Amazon said in the emails.
The settlements came about after the United States Justice Department in April accused Apple Inc and five publishers of illegally colluding on prices as part of an effort to fight Amazon's dominance of e-books.
Three of the publishers - News Corp's HarperCollins Publishers Inc, CBS Corp's Simon & Schuster Inc and Lagardere SCA's Hachette Book Group - decided to settle. Amazon was not a party to this lawsuit.
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