Anyone remember a post I wrote last July - AMAZON - YOU WANT ME TO PAY WHAT?? . . .
it was what I thought of the prices they were charging for Kindle books.
"Electronic books more than doubled in popularity in 2011, with e-book sales making up 15 percent of the market last year, up from 6 percent in 2010", according the Association of American Publishers and the Book Industry Study Group.
I don't know if you've been following the reports on the news with regard to the Justice Department in April accusing Apple Inc and five publishers of illegally colluding on prices as part of an effort to fight Amazon's dominance of e-books, but three of the publishers - News Corp's HarperCollins Publishers Inc, CBS Corp's Simon & Schuster Inc and Lagardere SCA's Hachette Book Group - decided to settle.
(Amazon was not a party to this lawsuit.)
"The three publishers have denied they did anything wrong, but agreed to settle the lawsuit to avoid the cost and risk of a trial", according to the settlement website: www.ebooksagsettlements.com
Should the settlements be approved by the court, the publishers will pay for e-book refunds that will be applied automatically to the Amazon.com accounts of eligible customers. Customers can use the refunds to purchase Kindle books or print books or request a cheque for the amount of the refund.
Yay for the good guys - US !!