Still ranting after last week’s talk at the Publish! BlueMountains event at the Clarendon, one of the topics which I raised, which then proceeded to raise opinions in the room, was that of ebook royalties paid by traditional publishers who had already produced a print book and were then capitalising on that print issue by also releasing in print.
It started when I queried the income an author might be receiving on a $10 ebook sold on Amazon, and continued to insinuate that I felt the publisher was probably making more money out of the ebook than the author. A publisher in the audience took exception to my insinuations and proved my suspicions wrong by telling everyone how, at her business, they were paying a 25% royalty on ebook sales, a rate which I felt was insultingly low.
Today I feel vindicated. I’ve just discovered this post on ‘BookBrunch’ about a lawsuit taken against Harlequin by three of their authors regarding ebook royalty payments. Thank you Andy Richardson for your clear and logical discussion of this matter – you’re my new hero.
Opinionated blogging – it’s at the top of the page.