Amazon settlement means refunds for years of e-book purchases - NBC12 - WWBT - Richmond, VA News On Your Side

Amazon settlement means refunds for years of e-book purchases


A settlement between Amazon and five major book publishers means refunds for readers who bought an e-book in the last few years.

While cheap books are great for consumers, they aren't always for publishers. When the Kindle came out and Amazon started selling books for just $9.99, publishers weren't too happy. So, when Apple came out with their own online bookstore, they worked together to raise the price of books.

Now, the feds have decided that collusion was an anti-trust violation, so you may have an email from Amazon waiting for you saying you are owed a refund.

The money goes to anyone who purchased an e-book from HarperCollins, Simon & Schuster, Hachette, Penguin or Macmillan between April 2010 and May 2012.

For bestsellers you'll get back $3.17. For non-bestsellers you will receive $0.73.

The money goes back into your Amazon account, but expires in about a year, so be sure to use it before it's too late.

While the settlement puts an end to the fight between the publishers and Amazon, the fight isn't all over.

Apple is still fighting the lawsuit, saying it didn't know about the conspiracy.

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