Authors Guild Urges "Extreme Care" in Negotiating eBook Royalties

As publishers and Amazon struggle to reach an agreement over eBook prices, it appears that publishers are also trying to reach an agreement with authors. The Authors Guild wrote to individual members today referring to letters that some authors have received from Random House and HarperCollins about eBook rights. According to the Guild, the publishers hope “to lock in e-book royalty rates at 25 percent of net receipts.”