International Edition


October, 24, 2016

Breaking News, World News and Taiwan News.
About Us
Contact Us

Amazon offers refunds after e-book settlement

NEW YORK--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 US$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 U.S. government lawsuit alleging a price-fixing conspiracy with Apple.

The settlements create a US$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 U.S. 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 U.S. authorities called a conspiracy to raise prices and limit competition for e-books.

U.S. officials said the scheme was aimed at ending a discounting effort by Amazon, which sold most e-books at US$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.

Write a Comment
CAPTCHA Code Image
Type in image code
Change the code
 Receive our promos
 Respond to this email
'Flash card' app cuts news into digestible bytes
An Amazon Kindle, bottom, and a Kindle Fire are displayed in Montpelier, Vermont on Monday, Oct. 15. Kindle readers may soon get a refund. Amazon has alerted its Kindle customers ...

Enlarge Photo
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Listings  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   Terms of Use  |   Sitemap
  chinapost search