So way back in March I posted my thoughts about ebook prices, as I’d noticed there were greatly different prices listed for books. At the time my sentiments were that there shouldn’t be much difference in prices at all, regardless of how new or how big the books were. There are no costs associated with paper, which is most of the reason hardcovers cost more than paperbacks, and bigger paperbacks might cost more than shorter books, etc.
So today I got this email from Amazon:
Dear Kindle Customer,
We have good news. You are entitled to a credit for some of your past e-book purchases as a result of legal settlements between several major e-book publishers and the Attorneys General of most U.S. states and territories, including yours. You do not need to do anything to receive this credit. We will contact you when the credit is applied to your Amazon.com account if the Court approves the settlements in February 2013.
Hachette, Harper Collins, and Simon & Schuster have settled an antitrust lawsuit about e-book prices. Under the proposed settlements, the publishers will provide funds for a credit that will be applied directly to your Amazon.com account. If the Court approves the settlements, the account credit will appear automatically and can be used to purchase Kindle books or print books. While we will not know the amount of your credit until the Court approves the settlements, the Attorneys General estimate that it will range from $0.30 to $1.32 for every eligible Kindle book that you purchased between April 2010 and May 2012. Alternatively, you may request a check in the amount of your credit by following the instructions included in the formal notice of the settlements, set forth below. You can learn more about the settlements here:
In addition to the account credit, the settlements impose limitations on the publishers’ ability to set e-book prices. We think these settlements are a big win for customers and look forward to lowering prices on more Kindle books in the future.
Thank you for being a Kindle customer.
The Amazon Kindle Team
Ba-BAAM! Looks like those big publishers have been a little naughty! Now see, this is one of things I can point to that our government and legal system gets right. Big business tries to take advantage of their customers and get the smack laid down on them! Just saying it feels good, because what they were doing were gouging those of the middle and lower-income folks like me. So to recap: I was right. 🙂