The way I read it, you agree to list the book exclusively with KDP for at least 90 days and you get some sort of free advertising for 5 of those 90 days along with a complicated share in the profits. I don't know what to make of it. Bottom line, it means forgoing Smashwords for 90 days. I have a novella ready to roll in a couple of weeks so I guess I'll decide then. Also of interest to me since I price my books at the 35% royalty rate is that I can opt out of lending altogether, which I didn't even know I was in to begin with. Something else to think about.
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