So, in past posts I have recommended Kindle Publishing to people interested in self-publishing. But due to the shocking changes they are making to their royalties policy, I will no longer do so.
In the past, when you bought a book self-published in Kindle, Kindle Publishing would pay the author royalties as a percentage of the price of that book - as is the norm in the industry.
However, the new royalties policy indicate that while the reader might spend 5$ on an ebook, the author will no longer be paid a percentage of that
sold book, but will be paid instead by the number of pages read. So if I buy/ rent a book, but archive it and never read it, amazon gets their money but the author will not get paid. If I start the book, but don’t finish it, the author will again not be paid in full. Amazon says this is to encourage page turners. I say, bullshit. If it were about encouraging page turners, then the reader would only be charged by the page read as well, but this isn’t the case. This is a scam designed to cheat authors out of their royalties.
Not only that, but it also raises very uncomfortable questions about the kind of data Amazon can get from Kindle users. Therefore, I no longer recommend publishing
or buying books on Kindle. From the 1st of July, if you do buy /rent/borrow books via Kindle, please flip through every page to ensure the author gets paid.
EDIT: I’m unclear whether the scheme only applies to books rented. Either way, not a good thing.
After reading more articles on it (many articles didn’t make that distinction), it does seem this only applies to books read via their lenders and all-you-can read subscription services. Not to books bought. The system before for these services paid royalties when 10% of the book was read, which apparently encouraged Kindle authors to write shorter books. I still think the system is highly questionable.