[T]his may not be the real reason for the majority of writers to be in favor of the deal. Royalty rates often don’t come into play for authors, because publishing houses typically pay advances against royalties, and most authors never make back their advances—perhaps eighty per cent do not, [he] estimates, based on his conversations with agents. In other words, authors tend to make their money from advances against royalties, not from sales themselves.
What we do know is that when a reader-Scout-crowdist considers voting for a book, the author will have given Amazon a 45-day exclusivity period. During that 45 days -- and authors can submit only one MS at a time -- the programme will decide whether to offer readers a chance to vote on it. The previously unpublished manuscript must be in one of three genres: Romance, Romance, or Romance. Okay, I'm kidding. The three genres are Romance; Mystery and Thriller; Science Fiction and Fantasy.
The Digital Reader reports that Amazon's newest project, crowd sourced manuscript evaluation, is slowly going live. Currently it is accepting work by interested authors.
Works accepted into the program will be posted for 30 days for readers to rate and review, and the best ones will be offered a contract to be published by Amazon.
"not good and evil," says The New York Times public editor in response to crticism of the paper's coverage of the dispute between Amazon and Hachette. Publishers Weekly comments, with links.
Amazon is unwilling to release statistics on its business, but Claude Nougat made an estimate based on what is publicly available: there's a new ebook every five minutes. Also, it appears that ebook author fame can fade fast.
Origami Unicorn, news, reviews, essays; Catherine Mintz, a commentary on things of interest. Origami Unicorn is copyright 2006-23. Catherine Mintz is copyright 2006-23.
Amazon & Hachette: What Happened
2014.11.14 in Bookselling, Commentary, Digital, News, Writing | Permalink | TrackBack (0)
Tags: Amazon, Hachette, royalties, where the money is, where the money will be, writers
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