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Press Release from Amazon.com:
Amazon.com announced details of a new program that will enable authors and publishers who use the Kindle Digital Text Platform (DTP) to earn a larger share of revenue from each Kindle book they sell. For each Kindle book sold, authors and publishers who choose the new 70 percent royalty option will receive 70 percent of list price, net of delivery costs. This new option will be in addition to and will not replace the existing DTP standard royalty option. This new 70 percent royalty option will become available on June 30, 2010.
Delivery costs will be based on file size and pricing will be $0.15/MB. At today’s median DTP file size of 368KB, delivery costs would be less than $0.06 per unit sold. This new program can thus enable authors and publishers to make more money on every sale. For example, on an $8.99 book an author would make $3.15 with the standard option, and $6.25 with the new 70 percent option.
Link: Press Release: Amazon Announces New 70 Percent Royalty Option for Kindle Digital Text Platform
to quote micheal and micheal’s constant prediction “Who needs publishing companies?”
well, maybe not as sever as all that…but with divides like that(minus the very reasonable bandwidth delivery charge)…it means the midlist author’s dont have to disappear and smaller authors get a chance at considering it profitable.
With the latest generation of Kindle coming in at 259 dollars, it’s a smart move on their part to try and attract authors.
I still think Apple should have named the Ipad (boring name) the Apple Sauce. (MUCH better!)
Darcy
After seeing the new Ipad and the prices, I will stick with my Power Book. It does more, more powerful, and I can hook up it up to a printer. If I was going to spend that much money, I would want something with a larger storage, ect. This is basically just a larger Iphone, was expecting more. Oh well, they can’t all be great.
Tim