Amazon Announces 70 Percent Royalty Option For Kindle Digital Text Platform

Amazon is looking to further tighten its stranglehold on the eBook market with its latest announcement of a 70 percent royalty option for its Kindle Digital Text Platform. This would mean that authors would stand to get a significant amount of the profits, though there are some conditions. The books much be priced between $2.99 and $9.99, and the list price must be at least 20 percent below the price of the physical book list price. The title must also be available in all geographies the publisher has rights for, and this only covers books sold in the U.S. With this in place, you can be sure that authors would want to put a lot more emphasis on the Kindle platform, which is certainly going to be good news for Amazon and its Kindle. Press release.