Thread: Amazon announces a 70 percent royalty option
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Old 01-21-2010, 09:22 AM   #58
charleski
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Quote:
Originally Posted by Daithi View Post
I think this has more to do with fighting back against publishers that have decided to delay the release of ebooks.
Yeah, it's round 3 of Amazon's fight to monopolise the publishing business. They obviously believe they have a large enough presence now (which may be true) to start putting the screws on.

The real question now is whether Apple's device makes a splash as an ereader. If it does, Amazon runs the risk of publishers relegating Kindle releases to 2nd-tier status.

The announcement is certainly good news for established authors with digital rights to their back-catalogue, and for smaller publishers who charge under $10 anyway. As for new authors who think self-publishing with Amazon is now the road to riches - well, good luck with that...
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