Amazon says Kindle users are entitled to e-book refunds
| 
|
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, according to the Internet retailer.  Approval could limit publishers to set e-book prices
The settlements are subject to court approval, and a hearing is scheduled for February. 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 told customers in the emails. Amazon did not immediately respond to questions on Saturday about how many customers could be affected. The settlements came about after the 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. The three publishers have denied they did anything wrong, but agreed to settle the lawsuit to avoid the cost and risk of a trial, according to the settlement website, ebooksagsettlements.com. If the court approves the settlements, the publishers will pay for e-book refunds that will be applied automatically to the Amazon.com accounts of eligible customers. Customers can use the refunds to purchase Kindle books or print books or request a check for the amount of the refund. Electronic books more than doubled in popularity in 2011, with e-book sales making up 15 percent of the market last year, up from 6 percent in 2010, according the Association of American Publishers and the Book Industry Study Group. While e-books increased in sales power, bringing in more than $2 billion in 2011, the majority of publishers' revenue still came from printed books, at $11.1 billion in 2011.
Reuters |
Tags: Amazon Kindle , Kindle Fire HD , Kindle Fire , Amazon Kindle Fire , Amazon Tablet , Amazon Press Event , Google , Google Nexus 7 , Google Android , Android 4.1 Jelly Bean , Android 4.1 , Android Jelly Bean , Android Tablet , Google Inc. , Amazon , Amazon Kindle Fire II , Amazon Kindle Fire 2 tablet , tablet , Android tablet , ebook purchases , ebook price drop , ebook prices , Amazon ebooks , Amazon ebook prices
reddit
Mixx
Facebook
Twitter
Digg
delicious
MySpace
SPOTLIGHT
Errant nephews, racial slurs and other...
24 May, 2013, 12:46 PM
iPhone 5S could have many colour options,...
24 May, 2013, 11:39 AM
3D printed breathing tube saves...
24 May, 2013, 11:45 AM
10.1-inch Sony Xperia Tablet Z available globally
24 May, 2013, 12:12 PM IST
Amazon Kindle Fire tablet to be available in 170 more countries, but...
23 May, 2013, 05:00 PM IST
Apple iPad 5 trial production to begin soon; could start shipping in...
21 May, 2013, 06:32 PM IST
India's Notion Ink reveals Adam II tablet; to launch for Rs...
13 May, 2013, 11:37 AM IST
Sony Xperia Tablet Z on pre-order for Rs 44,990; shipping in early...
24 May, 2013, 11:28 AM IST
10.1-inch Sony Xperia Tablet Z available globally
24 May, 2013, 12:12 PM
Sony Xperia Tablet Z on pre-order for Rs 44,990; shipping in early June
24 May, 2013, 11:28 AM
Amazon Kindle Fire tablet to be available in 170 more countries, but still no love for India
23 May, 2013, 05:00 PM
08 May, 2013, 09:41 AM IST
7.5
The FonePad goes head-on against the Samsung Galaxy Tab 2. Can it prove to be a better offering?
Hot launches: Tablets of April 2013
Some of the more notable tablet launches in the month of April are what...
By Shayne Rana
Asus Fonepad – A Specifications Review
After having launched the Google Nexus 7 tablet in India, Asus has now...
By Shayne Rana
Top 5 large screen tablets under Rs 20,000
Today you will find several large screen tablets – ranging from 8 to 10...
iPhone 5S could have many colour options, may launch before iPad 5
Gerald Pradeep
Fri May 24, 13:52:45
Microsoft meets Google midway with YouTube for Windows Phone app update
Rahul Nargundkar
Fri May 24, 12:32:08
PS4, Xbox One could be priced lower than PS3, Xbox 360
Rahul Nargundkar
Fri May 24, 12:24:49
BlackBerry teases upcoming changes in...
iPhone 5S could have many colour options,...
10.1-inch Sony Xperia Tablet Z available...
Sony Xperia Tablet Z on pre-order for Rs...
Zynga releases hack-and-slash RPG...
Need for Speed: Rivals coming to...
About Us | Site Profile | IBNLive News | IBNLive Hindi News | Cricket News | Indian Stock Market | Policy | T & C
Copyright © 2011, Tech2.com India - A Network 18 India Venture
Live TV | FEEDBACK | RSS | Latest Movie Songs | Play Online Games | Business Technology News & Videos | MTV India | IPL t20
