I saw this on Telereads and couldn't believe it:
http://www.teleread.com/paul-biba/sm...odel/#comments
Here is the straight scoop from Smashwords website:
Quote:
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December 1, 2010 - The big news of the day, as hinted yesterday: We renegotiated our distribution contracts with Kobo, B&N and Sony and effective today, Smashwords authors and publishers control the pricing of their books at retail. No more discounting. For those of you who follow this updates page, you already knew about Kobo. We trust B&N and Sony are a pleasant surprise. Oh, and we increased royalty rates for sales through Kobo, B&N and Sony to 60% of your list price. Read the post over at the Smashwords Blog, and do your fellow author a favor and tell a friend. Also, please show your love to Kobo, B&N and Sony. They didn't have to do this. Each went above and beyond to make this happen for Smashwords authors and publishers, so please do thank them on Twitter, Facebook and everywhere else. Smashwords retailers have shown their love to indie authors and publishers, and I'm tickled pink for what it means about the future of publishing. Very exciting
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https://www.smashwords.com/about/beta
Smashwords blog link:
http://blog.smashwords.com/2010/11/s...ublishers.html
Gaw! This is sickening!
