Author’s Guild respond to Wylie/Random House

The Author's Guild have responded to the events of last Thursday. Here;s the best part:

4. To a large extent, publishers have brought this on themselves. ... Knowledgeable authors and agents, however, are well aware that e-book royalty rates of 25% of net proceeds are exceedingly low and contrary to the long-standing practice of authors and publishers to, effectively, split evenly the net proceeds of book sales.

They also worked out the economics of the Wylie-Amazon exclusive deal here. Here's the takeaway: Authors will get 4 times as much under this deal as under the standard ebook contract. (I'd say that justifies cutting out a small part of the market.)

About Nate Hoffelder (11804 Articles)
Nate Hoffelder is the founder and editor of The Digital Reader:"I've been into reading ebooks since forever, but I only got my first ereader in July 2007. Everything quickly spiraled out of control from there. Before I started this blog in January 2010 I covered ebooks, ebook readers, and digital publishing for about 2 years as a part of MobileRead Forums. It's a great community, and being a member is a joy. But I thought I could make something out of how I covered the news for MobileRead, so I started this blog."

1 Comment on Author’s Guild respond to Wylie/Random House

  1. Yeah but, the deal is EXCLUSIVE to Amazon. How many ebooks are going to be sold by Amazon vs. a deal letting everyone sell them? Please note that income to authors is royalty rate times quantity, seem Author’s Guild can’t/won’t do arithmetic !!

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