Amazon may have been the first ebook retailer to issue a credit for ebooks purchased during the agency era but they’re not the only to do so.
B&N has also started sending out emails, notifying customers that they are now a member of the moneyed classes.
Like Amazon, B&N is issuing a store credit to its customers. Any B&N customer who has bought an ebook published by Hachette, HarperCollns, Macmillan, Penguin, and Simon & Schuster between 1 April 2010 and 21 May 2012 should be getting an email.
Under the terms of the refund agreement, customers will be getting a minimum of $.73 for each Agency ebook they bought during that period. If a title hit the NY Times best seller list then the customer will be getting $3.17.
The credits being issued by B&N come from the same pool of money as the credits Amazon was issuing yesterday. Both are funded by the $166 million settlement that Hachette, HarperCollns, Macmillan, Penguin, and Simon & Schuster paid to the DOJ when they settled the antitrust lawsuit which was filed in 2012. It’s been over a year since the last publisher (Macmillan) settled, but these things move slowly.
According to the official antitrust settlement website, Google, and Sony will be sending out checks rather than issuing store credits and Apple will be issuing a credit in iTunes. It’s not clear how Kobo is going to proceed, but the website did note that smaller ebook retailers will also be sending out refund checks.
I didn’t buy very many agency priced ebooks in this period and I didn’t buy any from Barnes & Noble, so I have not received a credit. Did you get any money from B&N?
image by 401(K) 2013