01-20-2010, 06:41 AM | #1 | |
Sir Penguin of Edinburgh
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Amazon announces a 70 percent royalty option
from the press release:
Quote:
Last edited by Nate the great; 01-20-2010 at 07:46 AM. |
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01-20-2010, 07:01 AM | #2 |
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"Net of delivery costs" is a rather odd usage, but it makes it sound like they are subtracting distribution costs before calculating royalties. Any idea what those costs are estimated at?
Edited to add: Oops, sorry, I didn't read far enough. Haven't had my coffee yet. Last edited by wayrad; 01-20-2010 at 07:19 AM. |
01-20-2010, 07:04 AM | #3 |
The Dank Side of the Moon
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01-20-2010, 07:28 AM | #4 |
Sir Penguin of Edinburgh
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01-20-2010, 07:41 AM | #5 |
Blue Captain
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Ok - In addition to - why would you want to use the old one? Or does that mean only newly uploaded stuff would get the benefit?
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01-20-2010, 07:56 AM | #6 |
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I hope it doesn't mean authors will use less images (or use ones with less quality) in thier ebooks to lower the costs.
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01-20-2010, 08:07 AM | #7 | |
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Quote:
This is the fine print: ********
The 70 percent royalty option is for in-copyright works and is unavailable for works published before 1923 (a.k.a. public domain books). At launch, the 70 percent royalty option will only be available for books sold in the United States. ****** |
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01-20-2010, 08:18 AM | #8 |
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I just finished reading that over at Engadget and something sure has Amazon spooked...
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01-20-2010, 08:46 AM | #9 |
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Looks to me like Amazon may be returning fire at the publishers who've been pushing delayed, overpriced, ebook releases (and thus costing Amazon money). This move appeals to both the writers (moar moneyz!) and the readers (no geographical restrictions, lower prices, no limits on TTS).
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01-20-2010, 08:56 AM | #10 |
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01-20-2010, 09:00 AM | #11 | |
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Not only are they spooked, they've adopted the same pricing model as the spookers. If it were not for some impending announcement the spookee would not be spooked, therefore the only ones to remain spooked would be the authors. Good for writers everywhere. |
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01-20-2010, 09:04 AM | #12 | |
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Straight from the press release at http://phx.corporate-ir.net/phoenix....977&highlight=:
Quote:
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01-20-2010, 09:10 AM | #13 | ||
The Grand Mouse 高貴的老鼠
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Quote:
-[EDIT] Hopefully it'll also be available to non-US sales shortly. Last edited by pdurrant; 01-20-2010 at 12:29 PM. Reason: 70% offer will only be able for US sales, not US publishers to start with. |
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01-20-2010, 09:15 AM | #14 | ||
The Grand Mouse 高貴的老鼠
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Quote:
I note that to be eligible for 70%, the title must enable text-to-speech. I wish they'd also insist on DRM-free. |
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01-20-2010, 10:13 AM | #15 |
Publishers are evil!
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This is huge news. I also see it as a major shot back at the publishers. At those kinds of royalties its makes self-publishing a no brainer for many types of books. If you are a new author hoping to become the next Rowling or Meyers you might want to use a big publisher (if you can get one to accept you). However, even then you may want to start with Amazon and then contract with a big publisher after proving yourself (and nothing says you have to give up your ebook rights). Even huge blockbuster authors can take advantage of this -- they have the clout to retain their ebook rights.
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