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Monday, July 21, 2014

Unlimited good for Indie authors

From Good E Reader

It looks as if Amazon's announcement of Kindle Unlimited might have been somewhat premature.

Some publishers have signed up for the program, but by no means all.

Major publishers such as HarperCollins, Hachette, Macmillan, Penguin Random House, Simon & Schuster will NOT be contributing content with the Kindle Unlimited launch. 
Smaller publishers will play a major role in Unlimited with Algonquin, Bloomsbury, Houghton Mifflin Harcourt, Open Road, Scholastic and Workman. Amazon intends on paying them a wholesale rate for each title opened and read. This direct agreement is also being made to all of the Harry Potter Books via Pottermore and also the Hunger Games Trilogy
This - in the meantime, anyway - is a major boost for Indie authors.
The bulk of the 600,000 titles that are available for Unlimited will be contributing by self-published authors who enrolled in Kindle Direct Publishing Select. Writers who participate under this program will automatically be opted in and paid out whenever someone reads 10% of the book or more. The money will be paid to the authors through the one or two million dollars that is added to the KDP Select pool per month.
For the interesting podcast hit the link at the top.

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