If you bought an agency priced ebook from Amazon in 2010, 2011, or 2012 then you might be in for a payday.
A reader has tipped me to the news (and several people on Twitter have confirmed) that Amazon is now sending out emails to its Kindle customers. I don’t have one yet, but I’m told the emails read something like:
Good news! You are entitled to an additional credit of $42 for some of your past Kindle book purchases. The credit results from legal settlements reached with publishers Hachette, HarperCollins, Simon & Schuster, Macmillan, and Penguin in antitrust lawsuits filed by State Attorneys General and Class Plaintiffs about the price of eBooks. This credit is in addition to the credit that you received from these settlements in March 2014.
The credit mentioned in the email comes from the restitution Apple agreed to pay for its role in fixing ebook prices in 2010.
Update: Or maybe not. Publishers Lunch is saying I am wrong. I probably am, but this email is real. I am currently seeking more information from Amazon.
Second Update: Yep, I flubbed this post. Amazon told me that this email has to do with additional refunds provided under the publisher’s settlement agreement, and not Apple’s settlement, and it is only going out to a limited number of customers.
According to the discussion on Amazon’s help forums, the credit is for books which had been reclassified from mid list to best seller. Customers who had bought the affectedbooks are getting an additional $2.44 per title.
If you haven’t gotten the email, you probably won’t be getting one. But if you did get an email then the credit then you should know that the credit is provided on a use it or lose it basis. It will expire in a year. You can find more info at Amazon.