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US: EBook buyers see payout

 |  March 25, 2014

Purchasers of eBooks will begin receiving payment this week from settlements reached between eBooks publishers in states over allegations of price-fixing.

Reports say consumers can begin seeing payments this week after major publishers – Hachette, HarperCollins, Simon & Schuster, Penguin and Macmillan – reached settlements with state attorneys general over allegations the companies colluded to fix eBooks prices. Similar charges have been brought by the states against Apple Inc. in a separate case, which reports say could see trial later this year.

Reports say Amazon.com has been sending out emails notifying qualified eBooks purchasers of credits due to the settlement. New York announced Tuesday that consumers will receive payments this week after a $166 million settlement was reached; the agreement covers residents of all US states and the District of Columbia, along with give US territories.

Full Content: Bloomberg

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