Good News for eBook Readers
The news has just rolled out that the punishment for price-fixing eBooks between Apple and five of the big publishing houses has been set. If you purchased an eBook between April 1, 2010 and May 1, 2012, you might qualify for a refund of some of the price. Any eBook that was on the New York Times Bestseller list will be refunded $3.06. Non-bestsellers from these five houses will be refunded at $0.73 per eBook.
In case you didn’t know, a few months ago, Apple was found guilty of colluding with HarperCollins, Hachette, Simon & Schuster, Penguin, and Macmillan to artificially inflate the price of eBooks and force Amazon to adopt the agency model along with the higher prices that Apple wanted set on eBooks. These higher prices frequently made eBooks more expensive than mass-market paperbacks.
So, if you are an avid reader like some people I know and you’ve purchased a lot of eBooks, chances are that soon you’ll be getting some of that money back to spend on other eBooks. And if that doesn’t brighten your Labor Day, then I don’t know what will.
– da Bird