Macmillan Surprises Authors

Macmillan Publishers, which includes Tor Books, has announced that they will pay royalties to authors based on estimated lost sales from the period when removed the “buy” button from Macmillan books during a period of negotiations over the pricing of e-books for the Kindle. The payment is called the “Amazon Kindle Outage Adjustment.” In addition, many authors will receive royalties based on 25% of net receipts, instead of 15% of list price, which will work out to the authors’ benefit.

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