The Perseus Books Group has launched a new self-publishing eBook division called Argo Navis Author Services.
The platform lets authors self-publish, distribute and market their work. The service will only be available only to authors who are represented by an agency that has signed a deal with Perseus.
According to The New York Times, the new service has a favorable royalty share for authors with authors getting 70 percent and distributors taking 30 percent of revenue. The eBooks will be sold through book retailers including: Amazon, BN.com, Google, Kobo, Sony and Apple.
eBookNewser has more: “This service will compete with Amazon’s Kindle Direct Publishing platform, which also gives authors a 70% royalty on books in specified territories, including the United States.” Barnes & Noble’s self-publishing platform PubIt! offers a 65% royalty for books priced $2.99 to $9.99.
Self-publishing has been profitable for authors like John Locke and J.A. Konrath, both of whom write thrillers. Locke is even a member of the coveted Kindle Million Club — authors who have sold more than a million books through the Kindle store.