Top Authors Make eBook Deal, Bypassing Publishers

Posted by kdawson on Friday July 23, 2010 @05:10AM from the what's-mine-is-mine dept.

RobotRunAmok writes "Home to 700 authors and estates, from Philip Roth to John Updike, Jorge Luis Borges, and Saul Bellow, the Wylie Agency shocked the publishing world yesterday when it announced the launch of Odyssey Editions. The new initiative is selling ebook editions of modern classics, including Lolita, Fear and Loathing in Las Vegas, and Updike's Rabbit tetralogy, exclusively via Amazon.com's Kindle store, leaving conventional publishers out of the picture. The issue boils down to who holds digital rights in older titles published before the advent of ebooks, with publishers arguing that the ebook rights belong to them, and authors and agents responding that, if not specifically granted, the digital rights remain with the author. Publishers and authors are also at loggerheads over the royalty that should be paid for ebooks: authors believe they should be getting up to double the current standard rate of 25%, because ebooks are cheaper to produce than physical editions. (Amazon pays authors 70%.)"

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A good idea by sa666_666 · 2010-07-23 05:15 · Score: 5, Interesting

As far as I'm concerned, this is a very good thing. Any time one can get remuneration to the actual content creators instead of the middle-men is a good idea in my book. Now, maybe the prices will drop a little on these things. And in the future, maybe the movie industry can move this way too (yeah, I know, wishful thinking).