"Bedi Singh, chief financial officer of News Corp., which owns HarperCollins Publishers and the Wall Street Journal, last month told analysts that margins are around 75% for e-books, about 60% on paperbacks, and about 40% on hardcovers." (Emphasis ours.)Publisher are not entitled to 100% of the extra ebook margin— not by historic author-publisher standards and practices, not by Publishers claiming to be authors' partners, not by what is fair. The present 25% net royalty publishers pay constitutes an out-and-out grab at authors' income. It is that simple. Hence our complaint: publishers won't share! (Kinda like the 1%, come to think of it.)
Monday, June 16, 2014
We lost the source for the following quote, our bad, but it confirms our long-held, oft-asserted position that EBOOK ROYALTIES ARE TOO LOW. We repeat the sourceless quote, anyway, because we know it is accurate.