|
"Pepe said in the announcement that Simon Stream aims to offer authors “the best parts of both [self- and traditional] publishing models,” specifically with an eye to royalty rates. Simon Stream offers 50% net royalties on e-book sales, while a typical e-book royalty rate for traditional publishers hovers around 25%. Many hybrid publishing offers also start at a 50% royalty rate."
Yeah, they will offer 50% right up until they get a lot of takers then they will drop it down to 25%.
They just realize they are letting a lot of money slide through their greedy little hands and now they want a piece of the action since they now realize that self published authors are managing to survive without them.
I hope they don't get many takers!
|