Kindle store credits coming in States’ e-book settlement
You may have already gotten or may be getting an e-mail from Amazon letting you know about a store credit (or you can opt for a payment) as a result of the States’ legal action against some publishers over the Agency Model.
I’d reproduce the e-mail for you, but Amazon included a copyright notice on it. Generally, the recipient owns the e-mail (as does the sender) unless it is marked private, as I understand it, but the copyright notice changes that. I’ll hit the high points:
First, here is Amazon’s Help Page on it:
Second, you’ll be entitled to the credit if all of these are true:
- You bought a Kindle store book published by Hachette, Harper Collins, Simon & Schuster, Penguin or Macmillan between 4/1/10 and 5/21/12, and you did not return or refund the book
- You have a US billing address
- You are not in Minnesota (the Minnesota Attorney General did not elect to join the suit)
The amount is estimated to be something like thirty cents to $1.32 per book purchased.
This is not yet approved: the hearing to approve it is scheduled for February 8, 2013.
You can opt out of it, if you want.
More information is available at the official website for the settlement:
You do not need to do anything to make this happen. When it does, the credit will be automatically applied to Kindle book or paperbook purchases from Amazon.
Other retailers are also involved.
To be very clear, this is not a settlement against Amazon, but against the publishers. Amazon openly fought the Agency Model.
I think those are the key points. If you have more questions, feel free to ask.
This post by Bufo Calvin originally appeared in the I Love My Kindle blog.