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Amazon unveils 70 percent Kindle royalty plan


Amazon.com has unveiled a program that will give authors and publishers a larger share of revenue from each Kindle eBook they sell beginning on June 30, 2010, PCMag.com reports. The 70 percent royalty option offers 70 percent of list price, net of electronic delivery costs. It will be in addition to Amazon’s existing DTP standard royalty option, and will not replace it. As an example of how the new royalty option works, Amazon cites an $8.99 eBook, saying that the author would see $3.15 with the standard option and $6.25 with the new 70 percent option…

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