SEATTLE — said Wednesday it will begin offering do-it-yourself authors and publishers a bigger cut of book sales on its Kindle e-reader starting in Junebut with strings attached aimed at keeping prices down for consumers.
The company said it will offer users of its self- publishing program, the Kindle Digital Text Platform, royalties on book sales of 70 percent after delivery costs. With those costs equaling less than 6 cents per book, Amazon said, authors will be able to earn $6.25 per copy on a book that sells for $8.99, rather than the old rate of $3.15.
To qualify for the new rate, authors and publishers must meet several criteria. The book’s list price must fall between $2.99 and $9.99 and be at least 20 percent below the lowest price of the physical edition of the book. It also has to sell on Amazon for the same price, or less, as it does with competing sellers. The Associated Press
