Random House Resets eBook Royalties, Misses The Point
So, last week there were two big announcements in publishing. The first, of course, was the Google Book Search settlement, which received a huge amount of attention (a trend continuing to this week — it’s that big!). The second was an(other) announcement from Random House that they’re messing around with ebook and digital content royalties. Let’s put this another way: the week that Google effectively sets the royalty to content owners at 60-something percent (there’s a bit of math involved, so, for today, I’m rounding), Random House decides that 25% of net amounts received by the publisher should be the […]
