Quote:
Originally Posted by Atunah
Why in the heck would I pay $15 to rent 4 books? And why is that thing written in twitter spurts. Horrible to read.
Both Oyster and Scribd paid to much. A rental is not a purchase. Should be lower royalties, or whatever the call it. And certainly not payout at what 10 percent read. Its why KU had to change because of all the 20 page flyers getting payout at just a couple of pages turned until the reader figured it was crap.
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Yes, this is the mistake they made. If they had instead created a pool of money from the subscriptions and then shared it amongst the authors based on how much their books are read, that would make sense.
A membership like this isn't meant to replace ebook sales, rather it is meant to provide an additional revenue stream for authors more like a library.