Friday, June 25, 2010

eBook Royalties - New Street Communications, LLC

After studying the matter quite carefully, I've decided New Street will follow the royalty model that seems to have become the standard for Jane Friedman's Open Road Media. We'll pay authors 50% of net profits, generally with no advance. We'll report every six months. And we'll hold no reserve against returns for amounts payable because (in less than five words) eBooks don't get returned.