Over the past two months Amazon has been supporting their very public and very rough book contract negotiations with a subtle media campaign which has kept indies on the sideline.
and
As I have argued in the past, I see the 70% royalty option in KDP as one of Amazon’s carrots. Amazon offers the high royalty in order to encourage authors and small publishers to deal directly with Amazon. It also encourages authors to stay independent and to get their rights back and republish their backlist.
however, those goals achieved
[I]f Amazon manages to force publishers to accept a lower rate, it won’t need to offer such a high rate via KDP any more. Amazon can cut it, and I would expect them to do so once they think they have the advantage.
In a case that may set precedents for cases where ebooks rights were not specificialy granted to the print publishers, Open Road has appealed the judgement against it. Publishers Weekly has details and speculation.
Open Road attorneys argued, noting that despite its win in court, Harper does not have the right to sell Julie of the Wolves e-books without the author's consent, "which it has never obtained" owing to "a fundamental disagreement as to a fair e-book royalty."
Which would mean that no on holds the rights, although the author tried to grant them to Open Road before her death.
At its heart, however, as Open Road's brief suggests, the case is more about e-book royalties. HarperCollins signed George’s Julie of the Wolves in 1971, for a $2000 advance and has since sold over 3.8 million copies in print. But according to court filings, Harper has refused to budge from a 25% net royalty on e-book sales, which George, before her death in May 2012, deemed fundamentally unfair. Open Road paid George a 50% e-book royalty.
Origami Unicorn, news, reviews, essays; Catherine Mintz, a commentary on things of interest. Origami Unicorn is copyright 2006-24. Catherine Mintz is copyright 2006-24.
Simon & Schuster Opens Its Ebook Catalog to Libraries
2014.06.26 in Books, Bookselling, Commentary, Current Affairs, Digital, Libraries, News, Publishing | Permalink | TrackBack (0)
Tags: entire ebook category, libraries, new terms, Simon & Schuster
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