InsideMobileApps InsideSocialGames 10,000 Words FishbowlNY FishbowlDC LostRemote TVNewser TVSpy AgencySpy PRNewser MediaJobsDaily UnBeige

Publishers to Pay $69M in eBook Pricing Settlement

55 attorney generals from different states, districts and U.S. territories have reached an agreement with HarperCollins, Hachette and Simon & Schuster in the ongoing litigation over eBook pricing.

According to the terms of the deal, consumers who bought an eBook from any of the “Agency Five” publishers during April 1, 2010 until May 21, 2012 will receive compensation.

Hachette, HarperCollins and Simon & Schuster will pay consumers who purchased eBooks from any of the five agencies accused of price fixing, including Macmillan and Penguin, who have yet to settle. Payments will begin 30 days after the settlement gets its final court approval.

Attorney generals across the nation released press releases explaining these terms. In Connecticut attorney general George Jepsen’s release, he stated his concern, “While publishers are entitled to their profits, consumers are equally entitled to a fair and open marketplace. This settlement will provide restitution to those customers who were harmed by this price-fixing scheme, but it also will restore competition in the eBook market for consumers’ long-term benefit.” (Via The Associated Press).

Mediabistro Course

Nonfiction Book Proposal

Nonfiction Book ProposalStarting September 4,work with a literary agent to complete a full proposal that wins an agent and a contract! Ryan Harbage from The Fischer-Harbage Agency, Inc. will teach you how to convey your idea in a winning book proposal format, write your proposal letter, understand the nuts and bolts of the nonfiction book industry, and more. Register now!