Amazon has decided that they deserve more than half (60%) of every audiobook sold on Amazon, Audible and iTunes.
This decision by ACX (aka Amazon) to give themselves a 20% raise by slashing royalty rates for those who write, produce, and narrate these audiobooks is appalling.
Although the letter below is from a narrator's point of view please understand these changes will affect writers and publishers alike. Royalty rates will be cut for writers, narrators and independent publishers equally.
Whether you are a writer, narrator, or publisher, it behooves you to sign this petition and make your voice heard.
Please share this with your friends.
On a personal note: My daughter is going to self publish her novel soon, and it is sad to think it might never come out in an audio form because of policies like this. What this petition doesn't say is that it is the artists who pay for the production of these audiobooks, not amazon, so by cutting the royalties to these artists it makes doing that version of your book a huge burden that even good sales will not pay you back for this "up front" expense!
Thanks for your attention