Blatantly stole this from author Karen McQuestion, who posted it over at kindleboards:
Basically looks like Amazon is thinking of changing some of the payouts. Karen summarized it nicely:
According to Publishers Lunch, these are the conditions:
*...priced between $9.99 and $2.99--and the digital list price has to be "at least 20 percent below the lowest physical list price for the print book"
* It has to be available for sale in all territories in which the author or publisher has rights
* It has to be available for text-to-speech, and whatever other new features Kindle adds
* "Books must be offered at or below price parity with competition, including physical book prices. Amazon will provide tools to automate that process, and the 70 percent royalty will be calculated off the sales price."
As I said over on Kindleboards, I had planned for my next book to be in the $2.99 range...and it looks like Amazon thinks that's a good price point as well. I think there will always be teaser prices (those 99 cent deals!). I also mentioned that this new clause may have to do with the rumor that Apple was going to pay 70/30. Who knows.
Share your thoughts!