The crowd sourced program, which Amazon still has not revealed the name, is much more focused on actual publishing and less on community.
According to the email Amazon sent, participating authors will have to have a valid US bank account and tax ID or SS number. When the program launches, writers will be able to submit a novella length manuscript (at least 50,000 words) with a cover image, description, one-liner, and other useful info. They'll have to agree to the contract terms when they submit their work, which could be an issue.
From the way Amazon makes it sound, once a work is in this program Amazon has the sole option of choosing to accept it. Authors won't be able to back out after they've submitted their story, which means that they'll need to be positive that they want the deal Amazon is offering before they begin.
You can find this information, and more, in the email Amazon sent out yesterday. I haven't gotten the email, but GigaOm did get their hands on a copy.
Thanks for subscribing to receive updates on Amazon’s new publishing program! We’re excited to announce that we’ll be opening for submissions in a couple weeks. We’ll be welcoming submissions for English-language books in Romance, Mystery & Thriller, and Science Fiction & Fantasy genres.
Any adult with a valid U.S. bank account and U.S. social security number or tax identification number is eligible. It only takes 15 minutes to complete a submission.
Here are the things that you should prepare to successfully submit your book:
Complete, never-before-published manuscript & book cover image
We’re looking for 50,000 words or more in Word format and a book cover image that reflects the essence and uniqueness of your book. Make sure your work is ready for others to read. Only the first pages will be posted to the website (approx. 3,000 words).
Book one-liner – A very short pitch (no longer than 45 characters) for your book that will be used on the homepage and throughout the website. Think of examples like “Space opera meets the Middle Ages” or “How far will one woman go to save her family?”
Book description- Help readers understand the content and quality of your book. Keep the description to 500 characters or less.
Your bio & picture – Give readers a chance to learn more about you. You will also have a chance to answer relevant questions regarding your book and personal story in a short Q&A section.
We’ll also ask you to review and accept our submission and publishing agreement that grants us a 45-day exclusivity period to post your excerpt and tally nominations.
If chosen for publication, you will receive a $1,500 advance, 5-year renewable term, 50% eBook royalty rate, easy rights reversions, and Amazon-featured marketing. If not, you automatically get all your rights back at the end of the 45-day exclusivity period.
We’ll send you an email as soon as we’re open for submissions. Looking forward to hearing from you! Have a book ready but still have questions? Email us at email@example.com.
image by ginnerobot