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That is misleading at best. First, as of July, Amazon started paying by pages read, not by "books of which at least 10% was read". Authors/publishers now no lo
by CurtMonash 11y ago
That is misleading at best.
First, as of July, Amazon started paying by pages read, not by "books of which at least 10% was read". Authors/publishers now no longer even get statements saying how many borrows your book got; rather, they list page reads. Payout right now is about half a cent per page, for fairly small pages, with some potential bonuses on top of that.
Second, that's where the money is now for independent authors, much more than in sales.
Based on figures I've seen, in a mix of public and confidential, I'd guess that independent authors are getting paid, just for borrows, about as much as conventionally published authors do for $1 billion of annual book sales, give or take a factor of 2.