Publishers giving back to purchasers of best sellers from iBookstore

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Well, it looks as if the iBookstore price fixing saga may be behind us very soon. While Apple pushed for a lawsuit, which it ended up losing, it appears as if the publishers are now working hard on settlements with the US Department of Justice.

A report today claims that Penguin, Macmillan, HarperCollins, Simon & Schuster, and the Hachette Book Group have all reached settlements with the DoJ, and Penguin and Macmillan have already been sending out notifications to book purchasers alerting them of the settlement. As part of the settlement, each publisher will pay $3.06 to each customer who purchased a book that was a New York Times best seller, and they will pay $0.73 for all other books.

While these may not seem like large payments, for people who purchase/read books through the iBookstore often, the best sellers could quickly add up and become a nice refund for the books.

What do you think of this new settlement by the publishing groups? Are you happy that they are working towards a compromise to make consumers happy? Leave a comment below and let us know!

Source: Cult of Mac

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  • manishrana50

    What  a joke and a waste of time for both em. They need to get a life.