Seattle – In a bid to strengthen its relationship with
digital publishers, Amazon.com (NASD: AMZN) announced on Wednesday that it begin offering
authors and publishers who adhere to new rules 70% of the list price, net of
delivery costs, for e-books published via its Kindle Digital Text Platform.
"Today,
authors often receive royalties in the range of 7 to 15 percent of the list
price that publishers set for their physical books, or 25 percent of the net
that publishers receive from retailers for their digital books," noted
Russ Grandinetti, vice president of Kindle content at Amazon.
To qualify, the
e-book in question must be priced at between $2.99 and $9.99.
That e-book list
price must also be at least 20% below the price of the print edition, and the
price listed on Amazon must be the lowest offered anywhere.
The e-book must
also be offered for sale in all geographies for which the author or publisher
has rights, and — at least at launch — the 70% royalty option will only be
available for books sold in the U.S.
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