08-30-2012, 09:47 AM | #1 | |
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states reach $69 million settlement in ebook pricing lawsuit
http://money.cnn.com/news/newsfeeds/...ublishers.html
Quote:
* the settlement amount varies by state * consumers will be reimbursed depending on the ebooks purchased and whether the ebooks were bestsellers. * consumers will be reimbursed either by check or credits to their ebook purchasing account (e.g. if you bought a bunch of affected nook books, you can choose to have B&N credit your portion of the settlement to your account with them. * once the settlement has been in force 30 days, refunds will begin. I wonder how much I will get? |
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08-30-2012, 09:55 AM | #2 |
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So the 'punishment' for the publishers is essentially that have to give you a few free books? The production cost of which is essentially zero. So all they lose is the opportunity cost that you might have bought the books anyway.
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08-30-2012, 10:21 AM | #3 |
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So, will retailers be allowed to offer discounts on ebooks from any publisher in the future? That's the part I want!!
eP |
08-30-2012, 10:43 AM | #4 |
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08-30-2012, 10:47 AM | #5 |
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I don't think that this means and end to the nutty pricing schemes that we have seen in the past, simply means that some publishers have gotten a light tap on the wrist. I do not think that this will effect me at all since I rarely do any business with the comapnies named in this article. I typically like to do business with comapnies who are willing to sell books to me for lower than normal prices, most of the time that's amazon and Baen.
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08-30-2012, 10:53 AM | #6 |
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At least the states actually got money back for consumers. However, $69M does not sound like much spread out over all the ebook sales from 3 major publishers.
I assume the variation in payments per state is based on how many ebooks each state accounted for. |
08-30-2012, 11:04 AM | #7 |
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08-30-2012, 11:08 AM | #8 |
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I think so but there are lower limits on it, like even the retailers can't sell them at a loss. Details are still trickling out. Also this settlement doesn't include the publishers who didn't join (Macmillan and 1-2 others...)
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08-30-2012, 11:15 AM | #9 | |
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Quote:
MacMillan and Penguin. Last edited by TimW; 08-30-2012 at 11:17 AM. |
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08-30-2012, 11:26 AM | #10 | |
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Quote:
I'm thinking if you bought 100 agency ebooks (wild-ass guess) you might get that amount? I have no idea how they are quantifying it. I would love to know. |
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08-30-2012, 11:34 AM | #11 | |
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Quote:
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08-30-2012, 12:39 PM | #12 | |
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I read this some time ago and was a bit disappointed I was hoping they would get a stiffer fine for breaking the law.
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What I find interesting is Google and Amazon have been liberated from the Agency model for a few months now. In that time I've already purchase a good amount of books from them. =X= |
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08-30-2012, 12:52 PM | #13 |
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Maybe I'm misunderstaning you, but nothing has changed on the Agency front at either retailer in the past few months.
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08-30-2012, 01:03 PM | #14 |
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The important thing seems to be that Agency pricing as we know it is dead for HarperCollins, Hachette und Simon & Schuster...
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08-30-2012, 01:26 PM | #15 |
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...in a few months...?
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