Wall Street Journal has the details about how Amazon will pay authors/publishers for the Lending Library.
Posted by
David (aka David)
Nov 3 '11, 09:46
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"Russell Grandinetti, vice president for Kindle content, said "the vast majority" of participating publishers were receiving a flat fee for their titles, while a more limited group is being paid the wholesale price for each title that is borrowed. "For those publishers, we're treating each book borrowed as a sale," he said."
Wired's take is:
"Amazon�s Russell Grandinetti told the Wall Street Journal that most publishers were receiving a flat fee for making their books available, while a handful (we�re guessing a few tentpole titles) are effectively being treated as sales, with the publisher receiving the same fee Amazon would pay if a customer bought the book every time it�s borrowed.
This isn�t about netting Amazon money up front as much as it is about establishing the program�s viability � to customers, sure, but especially to publishers. None of the �Big Six� publishers are participating in this go-around. In September, we wrote about why publishers were right to be wary of Amazon�s book subscription plans: nobody really knows yet what the right to borrow a digital book is worth."
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