E-Book Royalty Rates

According to the Author’s Guild, book publishers Random House and HarperCollins are sending letters to authors and literary agents seeking amendments to contracts regarding e-book rights.  The Guild is saying that these amendments should be treated with extreme care as e-book royalty rates are currently low.  Both publishers are trying to lock in e-book royalty rates at 25% of net receipts.  The Guild is providing safeguards for authors at:  http://tiny.cc/ytEXq.

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