Authors Guild Estimates Royalties in Wylie Agency & Amazon Deal: "Author Receives 60 to 63% of the Retail Price of the Book"
This morning the Authors Guild defended (with reservations) the Wylie Agency’s new deal to exclusively publish 20 eBooks with Amazon and bypass traditional publishers. The Guild wrote: “It’s fine and proper for these authors and their heirs to exercise those rights, and we applaud the Wylie Agency for finding a way to make it happen.”
In a follow-up statement, the Guild speculated on royalty rates for individual authors under the new deal. According to these “informed guesses,” Amazon will pay Wylie Agency’s Odyssey Editions “60 to 63 percent of the retail price of the book.”
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