Earlier this week, news leaked out about Kindle Unlimited, an ebook subscriptions service for $9.99 a month, with a title list of over 600,000 titles, including Amazon Publishing titles, self-published titles, and several big-name exclusives.
Terms – or ‘How Are Authors and Publishers Getting Paid?’
What that page *doesn’t* mention is how authors/publishers are paid.
UPDATE: There was a miscommunication on my contact’s part, and the content that was previously here is not meant to be public. As a result, I’ve redacted the term details.
UPDATE: I’ve received one confirmation from a self-published author (J.S. Morin) that their KDP Select titles were automatically included in KU. And the KDP Select page has been update to include KU as a feature. Interestingly, I’ve spotted at least one title I thought was on KDP Select but does not appear to be in KU. This may merely be a blip, however.
Unless the terms are terrible for authors across a variety of publishers, Kindle Unlimited is likely to create very stiff competition for the existing ebook subscription services such as Oyster and Scribd. It’ll be interesting to see how much volume of sales KU generates, and whether that changes other ebook purchasing habits. I see the subscription model as being best for voracious readers who want versatility as well as depth of selection, vs. less high-volume readers who may need to be more selective in their purchases, and will probably continue to shop based on individual authors and titles.
The publishing seas continue to change quickly, as they have for several years. May the winds be at your back, and a friend at your side come the next storm.
And to be mercenary for a moment, if you sign up for Kindle Unlimited, Shield and Crocus is in fact one of those titles you can read as part of the free trial. *wink wink*