Amazon makes an announcement about e-book settlement pay-outs
Amazon gave more information on the e-book pay-outs from the settlements between publishers and most US states (Minnesota chose not to participate…they may be pursuing something separately).
This is not the Apple Agency Model court case: we’ll likely hear more about that one next week, but it’s not likely that one results in direct payments to customers (which this one does).
Amazon says in part that the amouts are :
“… estimated that it will range from $0.73 to $3.82 for every eligible Kindle book that was purchased. To be eligible, customers must have a U.S. billing address and must have purchased a Kindle book published by Hachette, HarperCollins, Simon & Schuster, Penguin or Macmillan between April 1, 2010 and May 21, 2012.”
This is higher than previously announced, because two more publishers had settled since the first estimates were made.
Random House isn’t part of this, because they didn’t join the Agency Model when everybody else did…they joined it later. The concern here is an alleged conspiracy, not the Agency Model iteslf. You can’t be a conspiracy by yourself.
You don’t need to do anything, and it isn’t quite all finalized yet (the next big date is December, 2013…and then there could be appeals, although since the publishers have already agreed to this, I think appeals are unlikely). The total pay-out is something like $165 million.
You can see more information here:
I also see a lot of people confused about this, and think that Amazon is being punished. The money is being sent to you by Amazon, but they didn’t do this…the publishers did, and appear to have forced the Agency Model on Amazon, according to that Apple trial. Think of it like your local store giving you a manufacturer’s rebate…the store gives you the money, but it comes from the manufacturer.
Update: thanks to reader jjhitt for letting me know I had a broken link…should be fixed now. I’m away from my normal resources, which is making things a bit more complicated.
This post by Bufo Calvin originally appeared in the I Love My Kindle blog.