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Higher Profit for Kindle Authors?

January 22nd, 2010 . by Peggy

From The Associated Press today:

Amazon offers new royalty program for Kindle books SEATTLE (AP) _ Amazon.com Inc. said Wednesday it will begin offering do-it-yourself authors and publishers a bigger cut of book sales on its Kindle e-reader _ but with strings attached aimed at keeping prices down for consumers. The company said that starting in June, it will offer users of its e-book 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.

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