Below is an overview of the publishing situation between Amazon and Hachette (plus other traditional publishing houses and their authors). Very good stuff written by Hugh Howey and other prominent indies that many authors agree with, including me. The situation affects publishers, authors and most importantly, readers.
Much is being said these days about changes in the book world, but not nearly enough is being said about the most important people in our industry.
You. The readers. Without you there wouldn’t be a book industry.
We owe you so much, and we are forever in your debt. Thank you for reading late into the night. Thank you for reading to your children. Thank you for missing that subway stop, for your word of mouth, your reviews, and your fan emails.
Thank you for seeking our books in so many ways—through brick and mortar stores, online, and in libraries. Thank you for enjoying these stories in all their forms—as digital books, paper books, and audiobooks.
We wanted this letter to be brief, but the topic is complicated. There is so much misinformation to correct, we wound up taking it point-by-point.
But for those readers with limited time, here is the crux of our message to you:
New York Publishing once controlled the book industry. They decided which stories you were allowed to read. They decided which authors were allowed to publish. They charged high prices while withholding less expensive formats. They paid authors as little as possible, usually between 2% and 12.5% of the list price of a book.
Amazon, in contrast, trusts you to decide what to read, and they strive to keep the price you pay low. They allow all writers to publish on their platform, and they pay authors between 35% and 70% of the list price of the book…
…continue reading this article…
(There is also a petition to sign if you support the indie author-reader-Amazon revolution that is happening.)
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