Three Major Publishers Make $69 Million E-Book Settlement, But Apple Still Remains In Lawsuit

Posted Aug 31, 2012

Three of the publishers that are involved in the antitrust lawsuit filed by the U.S. Justice Department have made settlements.  About $69 million will be paid to consumers as a result.  The three agencies that made the settlement include Hachette, HarperCollins, and Simon & Schuster.  They will issue payouts and have agreed to terminate agency pricing contracts with publishers like Amazon and Barnes & Noble.

This pricing model is similar to Apple’s 70-30 revenue split with app developers.  A clause in their agreement blocked Amazon from discounting best-selling e-books below cost.  Apple, Amazon, Google, Sony, Kobo, and Barnes & Noble have agreed to contact eligible customers via e-mail that the amount issued will be either a check or credit towards future purchases.