Good heavens, this has turned into quite the busy news day in the publishing world. Today, Amazon announced a new deal for authors putting their books up on its digital text platform (DTP). Under that deal, authors will get 70 percent of the list price of their ebooks, net of delivery costs. (And how much could delivery costs for an ebook amount to? Can't be much.) Under its current DTP contract, authors get around 30% (more or less) of the list price.
The announcement goes into the requirements for taking advantage of this deal (which do involve setting a minimum price, so there is a possible trade-off here), which will become available on June 30, 2010.
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