Quote:
Originally Posted by Pardoz
Straight from the press release at http://phx.corporate-ir.net/phoenix....977&highlight=:
Since the author has global rights by default unless they sell them, it's a nice tactic to encourage authors to keep global electronic rights, squeezing publishers out of the picture (and leaving a bigger piece of pie for Amazon), while also pleasing readers. |
Also to encourage backlists to be placed with them, rather than anyone else as that becomes more popular.