I was surprised to read this on the Amazon forums:
Quote:
Posted on Jun 1, 2009 7:30 PM PDT
Patricia Sierra says:
My contract with my publisher (the dreaded Random House) says they'll pay me 25% royalty on ebooks instead of the 15% paid on my DTBs, but the royalty will be paid on the retail price, not the list price. When I see Random House books being "sold" for free on Amazon, I have to wonder if the authors are being paid anything. I don't see how they could be if the retail price is $0.00.
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Is this just the case of a bad contract, or is this practice of ebook royalties being based on the list price becoming an industry standard?