Amazon to Pay Authors by eBook Pages Read
Amazon has done it again. The giant of a company has taken innovation in publishing to a new level by finding a way to provide eBook authors with more royalties.
Starting on July 1st, Amazon’s KDP Select Program authors will be enrolled in a new experiment where they’ll be paid for each page left on the screen for an adequate amount of time, the first time a customer reads a book, reports Gizmodo.
The current royalty method has Amazon splitting up a lump sum of money to its loyal authors based on the total times their eBooks are borrowed through their Kindle services. The new system lends itself toward authors who pen books that hook, and may help remedy the feeling some authors of longer titles have that they’re being ripped off.
In a letter Amazon sent to authors who publish through its Kindle Select program, the retail monster noted that the change in royalty allotment is due to a concern “that paying the same for all books regardless of length may not provide a strong enough alignment between the interests of authors and readers.”
What does the LitReactorVerse think of this new schematic? Is it a great way for the indie-published author to make more money, or will the idea crash and burn?
To leave a comment