Amazon Kindle customers are now entitled to credit for some of their past e-book purchases, as a result of settlements between major publishers and a coalition of Attorneys General, the ecommerce retailer said Saturday.
Hachette, HarperCollins, and Simon and Schuster have settled an antitrust lawsuit on e-book prices that was brought by state and territorial Attorneys General, Amazon explained in an email to Kindle customers.
“Under the proposed settlements, the publishers will provide funds for a credit that will be applied directly to your Amazon.com account,” it said. “If the Court approves the settlements, the account credit will appear automatically and can be used to purchase Kindle books or print books.”
The three publishers agreed to pay more than $69 million to consumers to resolve antitrust claims of an allegedly unlawful conspiracy to fix the prices of e-books, according to a release from the Tennessee Attorney General’s office.
If the court approves the settlements next February, Amazon said it would contact customers when the credit is applied. While the credit amount is undecided until the approval goes through, the Attorneys General estimate that it would range from $0.30 to $1.32 for all eligible Kindle e-books purchased between April 2010 and May 2012.
In addition to the account credit, the settlements also prevent publishers from setting e-book prices.
Two remaining publishers, Macmillan and Penguin, as well as Apple, have refused to settle out of court.
Amazon, which is not involved in the lawsuit, expressed support for the settlements.
“We think these settlements are a big win for customers and look forward to lowering prices on more Kindle books in the future,” it said.
How do the settlements affect you? Tell us in the comments below.
Article source: http://feeds.mashable.com/~r/Mashable/~3/fQGPNnqeIkE/
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