Stephen CoveyStephen Covey’s digital rights deal with Amazon startles New York publishers.
Paul Aiken, head of the Authors Guild, pointed out that most ebook deals award authors 25% of royalties, which, given the lower costs of publishing digitally, is only about a half of the accepted rate in print books.
“Up to now that hasn’t been much of an issue, because the ebook market was so tiny,” Aiken said. “Now that’s changing, and authors with clout are starting to demand more.”
So, if writers can unite and raise royalty rates for digital downloads why can’t songwriters?
Anyone?Read more...