Amazon.com Inc on Wednesday brought in a royalty program that will let authors and publishers using the Kindle Digital Text Platform (DTP) earn a bigger royalty from every book they sell.
Under its new royalty option, which comes in play from June 30, authors and publishers will receive 70 percent of list price for each book sold, net of delivery costs. “Today, authors often receive royalties in the range of 7 to 15 percent of the list price that publishers set for their physical books, or 25 percent of the net that publishers receive from retailers for their digital books,” Russ Grandinetti, vice president of Kindle Content, said in a statement. The new option will be in addition to and will not replace the existing DTP standard royalty option, the e-retail giant said, adding, delivery costs will be based on file size and pricing will be $0.15/MB. Amazon's Kindle has been a hot favorite this holiday season, with the e-book reader becoming the most-purchased gift item in the company's history.