Apple finally settled a long-running lawsuit over ebook price-fixing last month. A new court filing provides some details about how much it might pay.
Big-5 publisher Macmillan, which had previously only made 1,200 ebooks available to libraries for lending, is now opening up its entire backlist of about 11,000 titles.
A couple days after Penguin made its ebooks available to libraries again through digital distributor Overdrive, the company has also eased up on Kindle (s AMZN) book borrowing. Overdrive and Penguin announced Friday that users will be able to send Penguin library ebooks wirelessly to their Kindles rather than side-loading them via USB. This means users will be sent to Amazon’s website after they borrow an ebook on Overdrive.
Penguin is making its ebooks available through Overdrive, the largest digital library distributor in the U.S., once again. Kindle users will have to side-load the ebooks to their devices; they won’t be able to check them out wirelessly via Amazon.
Consumers who bought eligible ebooks between 2010 and 2012 are likely to receive up to $3.06 per book, according to updated information released by the states’ Attorneys General Friday. Here’s what you can expect.
Digital now accounts for 11.3 percent of Hachette’s sales worldwide, and about 20 percent of Random House’s
The five publishers in the ebook pricing case object to the DOJ’s proposed punishment for Apple, saying that it would harm them because it aims to prohibit agency pricing for five years.
Ebooks accounted for 33 percent of Penguin’s U.S. revenue in the first half of 2013, parent company Pearson reported Friday, up from 31 percent this time last year. Worldwide, ebooks made up 21 percent of Penguin’s revenue, up from 19 percent last year. This is the last time we’ll see earnings from Penguin as a separate publisher, as it is merging with Random House.
Apple could pay up to $500 million in the ebook pricing case, based on the amounts that settling publishers have paid already.
The European Commission has approved a proposed settlement with Penguin in the ebook pricing case, several months after it reached similar agreements with Apple and four publishers.