In a blog post yesterday, Amazon’s Audible audiobooks service announced that it was lowering the royalty rates it paid content creators.
It’s not the first time that Amazon has lowered the amount of money it pays authors and publishers for the audiobooks they sell through its platform and, GigaOm news editor Laura Owen points out, it’s a reminder that Amazon could always change its royalties for Kindle ebooks.
“That would be a much more visible move than the changes to ACX, which the company surely realizes. But the changes at ACX shows that good introductory deals don’t always last,” she writes.
True, and as competition from Nook fades, it would be much easier to do with indie authors having nearly nowhere else to go.
That said, Amazon has not indicated that it plans to change its royalty structure. (GigaOm.)
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The rest of the day’s top news:
New Retail Platform For Authors (DBW)
Self-publishing services provider BookBaby has launched a new direct-to-consumer retail platform for authors.
Adobe’s Unified Solution (Good E Reader)
The publishing technology provider has made moves to integrate its many heavily used products to make it easier to move seamlessly between them and for large media companies, which are increasingly producing more and more kinds of content, to do it more easily.
Related: Ebook Typography Best Practices
Harlequin Launches E-Reading App (The Guardian)
Harlequin titles will come with the app and readers can also read EPUB and PDF files on it.
Learnist’s New Digital Bookstore (DBW)
Educational content company learnist has launched a new digital bookstore inside its mobile app.
Biggest Little Bookshop in the World (The Bookseller)
The website BestLittleBookshop.com will sell a wide selection of books but will also offer small specialty bookshops from around the world the opportunity to create boutiques on the site itself to offer their wares.
Sourcebooks Welcomes Charlie Brown (DBW)
A new deal is putting Charlie Brown, Snoopy and the Peanuts crew are on Sourcebooks Put Me in the Story personalization platform.
VC to Invest in New Books (Xconomy)
Venture capital firm Foundry Group is launching its own book publishing company (some would argue a very specific kind of venture capital firm). The company will publish both print and e-books and will offer a 50% royalty to its authors.
Cengage Bulks up for Financial Maneuvers (DBW)
Higher education publisher Cengage has hired a chief strategy officer and several other senior executives geared toward helping the company acquire, divest, form partnerships and raise money as need be.
Measuring Academic Impact (DBW)
Wiley has partnered with start-up Kudos to help authors measure the impact their academic publications have in the marketplace of ideas.
Taxes Keeping Poland Ebook-Free (Telecompaper)
Some 90% of Polish citizens haven’t had any contact with an ebook and audiobook. One major reason is that the tax on these products is nearly five times that on the print counterparts.
E-Read Underwater (The Digital Reader)
A “leaked” press release about a new e-reader that will be waterproof and dust proof has whales, dolphins and all other manner of smart sea animals salivating. Print doesn’t work so well under water.