|
. | . |
|
by Staff Writers New York (AFP) Oct 15, 2012 Amazon has announced it will offer refunds to customers who bought e-books as a result of a partial settlement of a lawsuit against publishers in a price-fixing case. The e-commerce giant said the precise amounts won't be known until a court finalizes the deal but that the refunds will probably range from 30 cents to $1.32 for certain Kindle books purchased between April 2010 and May 2012. In notifications to customers over the past few days, Amazon noted that publishers Hachette, Harper Collins, and Simon & Schuster have agreed to the deal in a US government lawsuit alleging a price-fixing conspiracy with Apple. The settlements create a $69 million fund for refunds. "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 a message to its customers. The three publishers reached a settlement in April when the US government launched its case against Apple and other publishing houses "for conspiring to end e-book retailers' freedom to compete on price." The lawsuit will proceed against Apple along with publishers Macmillan and Penguin Group for what US authorities called a conspiracy to raise prices and limit competition for e-books. US officials said the scheme was aimed at ending a discounting effort by Amazon, which sold most e-books at $9.99 until the new pricing plan was forced on the retail giant. The move almost instantly raised the prices consumers paid for e-books, authorities said.
Related Links Space Technology News - Applications and Research
|
|
The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement |