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Doug_Pardee
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Penguin agency-model refunds

Penguin has settled in the Attorneys General suit over collusion on e-book prices. That's the suit that provides refunds to e-book purchasers.

 

The settlement is a big one: $75 million. That's more than the original total from Hachette, HarperCollins, and Simon & Schuster. It should approximately double the total e-book refunds that have been scheduled to date.

 

Rough calculations, assuming that apportionment for Macmillan and Penguin will be the same as for Hachette/HarperCollins/S&S:

 

 H/HC/S&SMacmillanPenguinTotal
best-seller1.320.38 1.43 3.13
others0.300.09 0.33 0.72

 

THE LAST THREE COLUMNS ARE MY ESTIMATES ONLY.

 

So now all of the publishers have settled on both the DoJ and AG cases. Apple continues to head toward court on both of those cases. There still exists a class-action lawsuit, but in my lay opinion, that one's going nowhere due to the very small class: basically Minnesota residents plus the 100 or so people who opted out of the AG settlement. It certainly won't affect anybody else.

 

Ref: http://www.publishersweekly.com/pw/by-topic/digital/content-and-e-books/article/57351-penguin-finall...

 

Bibliophile
5ivedom
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Re: Penguin agency-model refunds

Penguin always had the craziest prices.

 

How do the refunds work? Is it based on how many books you bought that were Agency-Priced.

 

It seems like it'd be almost impossible to calculate the refunds due if it's based on actual book prices and estimating fair prices.

Doug_Pardee
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Re: Penguin agency-model refunds


5ivedom wrote:

 

How do the refunds work? Is it based on how many books you bought that were Agency-Priced.


Same as was announced back with the original settlement.

 

E-books published by any of the five defendant publishing houses that were bought during the period April 1, 2010 through May 21, 2012 are eligible for refunds. There are two tiers of refunds: titles that were New York Times bestsellers at any point during the period, and titles that weren't.

 

See my posting above for refund rates for the two tiers. Keep in mind that the Hachette/HarperCollins/Simon & Schuster rates have been approved by the court, but the rates for Macmillan and Penguin are just my own estimates made on the assumptions that the reported settlement amounts are correct and that the payment ratios will be the same.

 

 

Bibliophile
5ivedom
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Re: Penguin agency-model refunds

thanks Doug. I understand now.

Doug_Pardee
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Update on agency-model refunds

The official site of the AG (refund) e-book settlement has been updated to show new estimates on the amount that each customer will receive now that all five defendant publishers have settled. The numbers are now estimated to be $3.06 for NYT bestsellers and $0.73 for other e-books from the five settling publishers. These numbers aren't yet finalized.

 

That's for those living in the US and territories except for Minnesota. Minnesota didn't participate in the AG lawsuit, and ran their own. They got a better settlement out of the first three settling publishers than the AG lawsuit, but the same settlements from Macmillan and Penguin.

 

Delays, delays, delays. The next hearing on these settlements is December 6th. After that there'll probably be a 30-day comment/objection period, and then maybe we'll finally get around to receiving our refunds in early 2014. Unless Apple gets tossed into the mix, but Judge Cote seems sensitive to the problem of further delaying the publishers' refunds.

 

Distinguished Bibliophile
keriflur
Posts: 6,550
Registered: ‎01-05-2010
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Re: Update on agency-model refunds


Doug_Pardee wrote:

The official site of the AG (refund) e-book settlement has been updated to show new estimates on the amount that each customer will receive now that all five defendant publishers have settled. The numbers are now estimated to be $3.06 for NYT bestsellers and $0.73 for other e-books from the five settling publishers. These numbers aren't yet finalized.

 

That's for those living in the US and territories except for Minnesota. Minnesota didn't participate in the AG lawsuit, and ran their own. They got a better settlement out of the first three settling publishers than the AG lawsuit, but the same settlements from Macmillan and Penguin.

 

Delays, delays, delays. The next hearing on these settlements is December 6th. After that there'll probably be a 30-day comment/objection period, and then maybe we'll finally get around to receiving our refunds in early 2014. Unless Apple gets tossed into the mix, but Judge Cote seems sensitive to the problem of further delaying the publishers' refunds.

 


What if you lived in MN at the time the book was purchased?  Which group would you expect to get the refund from?

Doug_Pardee
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Re: Update on agency-model refunds

On December 6, Judge Cote approved the final settlements in the AG case. Refunds are expected to make their way into customer accounts sometime during January (probably late January).

 

Distinguished Bibliophile
MacMcK1957
Posts: 2,172
Registered: ‎07-25-2011
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Re: Update on agency-model refunds


Doug_Pardee wrote:

On December 6, Judge Cote approved the final settlements in the AG case. Refunds are expected to make their way into customer accounts sometime during January (probably late January).

 


Uh, didn't we hear more or less the same thing about last January?

flyingtoastr
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Re: Update on agency-model refunds


MacMcK1957 wrote:

Doug_Pardee wrote:

On December 6, Judge Cote approved the final settlements in the AG case. Refunds are expected to make their way into customer accounts sometime during January (probably late January).

 


Uh, didn't we hear more or less the same thing about last January?


Everything was pushed back as a result of the addition of St. Martin's Macmillian and Penguin to the settlement.