Quote:
Originally Posted by scrapking
Hmmm... is that 8.4% less of a stake in the whole, or an 8.4% reduction to their commission? The difference is huge! (eg., is it 20% dropping to 11.6% commission, which would be a huge drop; or has the commission dropped by 8.4% from, say, 20% to 18.32%?)
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Okay, okay, my bad. I didn't think "cut" was a slang term, but maybe it is. I was using the word "cut" as a synonym for "percentage", not "reduction", but I used it in a paragraph describing a revenue reduction. That was sloppy on my part.
So let me be clear: Under Kobo, the indie gets 8.4% of an ebook's price. 84 cents from a $10 ebook. The person I was chatting with wouldn't tell me what the percentage was on the ABA/Google deal, only that it was more generous than the ABA/Kobo deal.