Amazon Offers 70% Royalty

Source: Publishers Lunch

Amazon Offers 70% Royalty--If You Self-Publish Inexpensively, and Comprehensively
Amazon has offered authors and publishers using their self-service digital text platform a significantly enhanced royalty option as of June 30--70 percent instead of 30 percent--provided that certain specific conditions are met:

* The ebook should be not too cheap and not too expensive--priced between $9.99 and $2.99--and the digital list price has to be "at least 20 percent below the lowest physical list price for the print book"

* It has to be available for sale in all territories in which the author or publisher has rights

* It has to be available for text-to-speech, and whatever other new features Kindle adds in the future

* "Books must be offered at or below price parity with competition, including physical book prices. Amazon will provide tools to automate that process, and the 70 percent royalty will be calculated off the sales price."

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