Amazon is rolling out a new service called Kindle Unlimited. Essentially, it will be $9.99 a month for unlimited rentals for over 600,000 titles. It is the "Netflix for books."
"Amazon might give readers something to get really excited about: A digital ebook and audiobook subscription service that provides Kindle users with all the content they can consume from a potential library of over 600,000 titles for just $9.99 per month"
http://techcrunch.com/2014/07/16/amazon-tests-kindle-unlimited-a-netflix-for-ebooks-and-audiobooks/
Self published authors will also see their entire royalty structure changed. I am concerned about this.
"To qualify for royalty payment
You're eligible for royalty payment from Kindle Unlimited each time a new customer reads more than 10% of your book for the first time. A customer can read your book again as many times as they like, but you will only receive payment for the first 10% read."
https://kdp.amazon.com/help?topicId=AI3QMVN4FMTXJ
is the self publishing industry going to turn into the music industry, where musicians get paid only pennies to have their music played on services like Spotify? Another lesson in the lack of control commandment..
"Amazon might give readers something to get really excited about: A digital ebook and audiobook subscription service that provides Kindle users with all the content they can consume from a potential library of over 600,000 titles for just $9.99 per month"
http://techcrunch.com/2014/07/16/amazon-tests-kindle-unlimited-a-netflix-for-ebooks-and-audiobooks/
Self published authors will also see their entire royalty structure changed. I am concerned about this.
"To qualify for royalty payment
You're eligible for royalty payment from Kindle Unlimited each time a new customer reads more than 10% of your book for the first time. A customer can read your book again as many times as they like, but you will only receive payment for the first 10% read."
https://kdp.amazon.com/help?topicId=AI3QMVN4FMTXJ
is the self publishing industry going to turn into the music industry, where musicians get paid only pennies to have their music played on services like Spotify? Another lesson in the lack of control commandment..
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