Last week Amazon and Barnes & Noble begun issuing credits for eBooks that customers purchased from 2010 to 2012 under the agency model. Kobo has now begun to issue credits to customers accounts for titles purchased from Hachette, HarperCollins, Macmillan, Penguin, and Simon & Schuster. New York Times bestsellers are eligible for a credit of $3.17 per ebook, and non-NYT bestsellers get a credit of $0.73.
Kobo has just sent out the first run of emails that let you know how many credits you have owing. All of the emails are not sent out all at once and will be dispatched during the next week. You want to make sure if you are eligible for credits that you use them by April 2014. Below is a copy of the correspondence they are sending out.
Dear Kobo Customer,
You previously received an email informing you that you were eligible for a credit in your Kobo account. This credit results from the Settlements reached with publishers Hachette, HarperCollins, Simon & Schuster, Macmillan, and Penguin in antitrust lawsuits filed by the State Attorneys General and Class Plaintiffs about the price of electronic books (“E-books”). If you did not receive that email, you can read more about the Settlements at www.EbookAGSettlements.com.
We are happy to inform you that the Court in charge of these cases has approved the Settlements. As a result of this settlement, an account credit of X has been added to your account. You can use it to purchase eBooks regardless of publisher.
Michael Kozlowski is the Editor in Chief of Good e-Reader. He has been writing about audiobooks and e-readers for the past ten years. His articles have been picked up by major and local news sources and websites such as the CNET, Engadget, Huffington Post and Verge.