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Can a libertarian curmudgeon survive in a post 9/11 America? Is it possible to create the perfect meal on a Baby Q grill? Will Elaine finally succumb to her innermost desires? Check out my novels - which I am excerpting to separate blogs as I write them. Just click on my Profile button to access their links.

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Tuesday, February 09, 2010

What the heck is up with MacMillan?

Anyone who's paid even the 'slightest' attention to the e-book world has probably heard about MacMillan (followed in embarrassingly short order by Harper-Collins and Hachette) unilaterally abrogating the contract between itself and Amazon to force Amazon (a retailer, who's supposed to have the right to set retail prices) to jack the prices on e-books from MacM from $9.99 to $12.99-$14.99 (Yeah, right. Actually, some MacM fiction titles are now going for $16.99!), apparently because, according to John Sargent, CEO of MacM, to give a larger share to the authors.

Yeah. Right. Publishers live or die by the *BINDING* legal contracts they force on the authors. Given the vast number of current authors under contract, I'm wondering how many of these have gotten the new, revised contracts which assigns a greater royalty rate on e-books? My suspicion is that these authors will, for the most part, still be waiting for their new contracts and higher royalty rates until shortly after December 21st, 2012 - after all, if the world ends, MacM won't owe them any increased income, yes?

I'd love to hear from small-fry authors who've actually gotten a renegotiated contract with higher royalty rates.

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