From publisher's weekly:
http://www.publishersweekly.com/pw/b...e-reacton.html
Quote:
At a practical level, Robinson said that while terms are said to be favorable to authors, the Guild has no way of knowing at the present time if that is the case. Robinson said that given the support HBG received from authors the time is right for the publisher “to revisit its standard e-book royalty rate of 25% of the publisher’s net profits."
|
To which the Hachette men will say; "The 25% rate was a trade off for higher pbook rates, remember? You bought the magic beans, now go plant them."
http://www.teleread.com/ebooks/autho...renegotiation/