Search This Blog

Sunday, 27 June 2010

Amazon offers authors bigger cut of book sales, snubs traditional publishers

Click here to find 
out more!
Kindle 2 Amazon is playing hardball with book publishers.
The Seattle online bookseller this morning said it will give authors a 70% cut of the sale of e-books sold for its Kindle readers, net of digital delivery costs -- essentially offering writers a way to bypass traditional book publishers.
In a direct snipe at print publishers, the company asserted that authors would get more money if they published digitally with Amazon.
"Today, authors often receive royalties in the range of 7 to 15% of the list price that publishers set for their physical books," Russ Grandinetti, Amazon's vice president of Kindle content, said in a statement. "We're excited that the new 70% royalty option for the Kindle Digital Text Platform will help us pay authors higher royalties when readers choose their books."

Alex Pham

More here (courtesy Los Angeles Times)

1 comment: