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Article: In Wake of Random House Announcement, Authors Guild Presses Members to Negotiate E-Book Royalties Diligently, with Eye on Amazon.com.
- Article from:
- Business Wire
- Article date:
- June 10, 2004
CopyrightCOPYRIGHT 2004 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
NEW YORK--(BUSINESS WIRE)--June 10, 2004
The Authors Guild today urged its members to focus on e-book royalties during contract negotiations. The Guild said that Random House's new e-book royalty rates signal that the largest trade book publisher believes that e-book sales will be increasingly significant in the industry.
Random House had paid royalties of 50% of its revenues for e-book sales -- the best e-book royalty among major publishers. For book contracts signed after May 31st, Random intends to reduce that rate to, effectively, 30% of receipts for e-books sold at standard discounts to retailers and 15% of receipts for ...