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When I read the bullet point terms, it sounded like the fanfic authors would get a royalty of all the copies sold via amazon (although net, so who knows how little it may actually be, creative hollywood movie accounting??)
However the original IP owner is granted a license to all the fanfic authors ideas/concepts/characters in the work which I would guess means they can produce their own derivative books/movies/anything without paying the fanfic author a penny. The fanfic author only gets royalties for the ebook they wrote.
I could have misinterpreted it and there may be more to it. I imagine anyone who signs up will get a the full legal spiel sent to them to sign/return.
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