For the longest time, getting a word out of Amazon required rubber gloves, lube, a stick of gum, and a length of string. During the ongoing negotiations with Hachette, that has changed. I mean, Amazon practically won’t shut up these days. Their latest blog post is particularly dense with revelations, and it should serve as a wake up call for authors and readers.
Here’s a link to their post. You should read it. Seriously.
As many have been predicting, Amazon is fighting for lower prices for their customers. It has also been posited over and over that lower ebook prices would generate more revenue for all involved, and now Amazon backs this up by revealing calculations pulled from their industry-best sales data. So who is Hachette fighting for, if they are resisting terms like these? The only people I can think of are those who sell millions of physical books at bookstores. You know, the Prestons, Pattersons, and Colberts. The top 1%.
Just as immense here is Amazon’s call for higher pay for authors, which is neatly tucked within the folds of their post. Amazon comes right out and states that they are asking for 30% on the sale of ebooks, which is what they currently get from most self-published titles. It is an entirely reasonable percentage for a retailer (bookstores get 40% – 50%). What I love, though, is that Amazon then suggests that the remaining 70% should be split evenly between the author and the publisher. Continue Reading →