By Jeffrey A. Trachtenberg
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- Agence France-Presse/Getty Images
- Amazon’s Kindle reader.
Amazon.com Inc. on Friday raised the estimate of the refunds that its Kindle customers are expected to receive as a result of legal settlements between book publishers and various state attorneys general.
In a posting on its web site, Amazon said that its e-book customers would receive an estimated $ 0.73 to $ 3.82 for certain Kindle titles they purchased between April 1 2010 and May 21, 2012.
Amazon notified digital book buyers last fall about the likelihood of some refunds, stemming from antitrust settlements. At that time, however, only three publishers had settled allegations of e-book price fixing. The amounts Amazon cited then were somewhat lower. Since then, another two publishers have settled.
The final settlements still needs court approval; Amazon said approval could come in December. Amazon said it will notify its customers when the credits are applied, which will happen automatically.
The settlements will return a total of more than $ 165 million to consumers, including those who shopped at outlets other than Amazon.
The settling publishers include HarperCollins Publishers, which like the Wall Street Journal, is owned by News Corp.
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