Second Page of the Electric Book

Guess what?

A little note from Amazon appeared in my email the other day.

We have good news. You are entitled to a credit for some of your past e-book purchases as a result of legal settlements between several major e-book publishers and the Attorneys General of most U.S. states and territories, including yours. You do not need to do anything to receive this credit. We will contact you when the credit is applied to your Amazon.com account if the Court approves the settlements in February 2013.

Hachette, Harper Collins, and Simon & Schuster have settled an antitrust lawsuit about e-book prices. Under the proposed settlements, the publishers will provide funds for a credit that will be applied directly to your Amazon.com account. If the Court approves the settlements, the account credit will appear automatically and can be used to purchase Kindle books or print books. While we will not know the amount of your credit until the Court approves the settlements, the Attorneys General estimate that it will range from $0.30 to $1.32 for every eligible Kindle book that you purchased between April 2010 and May 2012. Alternatively, you may request a check in the amount of your credit by following the instructions included in the formal notice of the settlements, set forth below. You can learn more about the settlements here:
www.amazon.com/help/agencyebooksettlements
No, it’s not a lot per book and the Court hasn’t approved the settlement but, at least, an attempt has been made to level the field between powerful publishing entities and readers. Hopefully, the publishers won’t recoup this settlement by stiffing authors.

Should bestseller e-books cost less than their print counterparts?

If the above mentioned publishers lower their prices after this antitrust lawsuit, how long should they go?

What is fair for everyone, readers and publishers alike?

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4 thoughts on “Second Page of the Electric Book

  1. I got that email too! I’ll admit I’m a little lost in all the legal jargon. I’m not sure why ebooks should be priced at lower rates…not so sure they should. Readers should have their two methods of reading…why should one cost more than the other?

  2. This seems a strange turn of events, because if I think about it, doesn’t owning the Kindle, which is made by Amazon, kind of tie the reader to purchase e-books sold by Amazon? It makes me wonder about e-books. If books were only made to be read on Kindles, non Kindle owners would no longer have access to the printed word. Scary if I think about it too much!

    ‘Should bestseller e-books cost less than their print counterparts?’
    Technically, of course. E-books can only be read by the person who has them on their Kindle. Print books can be shared, read years after the next generation Kindle comes out, passed on to the kids, and the grandkids.
    But will someone pay the same price for a bestseller e-book? Apparently, yes. Sellers can charge whatever the market will bear.
    I was shocked to see how much bestselling e-books go for, and I didn’t bite. I borrowed the paperback from a friend instead. 🙂

    BTW, since my last little rant about e-books, I’m happy to report that I discovered not just one, but TWO, fantastic self-pubbed e-books in my wanderings about the blogosphere! Exciting stuff!

  3. Yes, the whole e-book process sometimes has an Orwellian feel, doesn’t it?

    You mentioned two self-published e-books you liked. Would you share their titles with a hungry reader? I still want to use my Kindle – once in a while.

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