Amazon is changing the way it pays royalties to authors for participation in its Unlimited Kindle e-book lending library. The new model is less favorable for authors.
Beginning July 1, Amazon will no longer pay royalties on books That were downloaded and read at least 10 percent through the program. Instead they will only pay royalties on Pages that are actually read. “We’re making this switch in response it received great feedback from the authors who asked us to better align payout with the length of books and how much customers read,” Amazon Explains on the KDP site. “Under the new payment method, you’ll be paid for each individual customers read page of your book, the first time they read it.”
The Melville House That points out that this is unfair to authors as “an author with a traditional publisher will receive royalties on each hard copy of the book sold this libraries (or a percentage of the e-book sold at a library rate). “
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