Shershnyov's royalty report showed that itemized revenues from the 11 master accounts generated $2.44 million since June 2015, which is when Amazon changed the terms in which authors were paid based on the number of books loaned. (It's not known what was made during the six months prior to that, which was when the scam began.)Revealed: How one Amazon Kindle scam made millions of dollars
Do you know Dagny Taggart? She's a character in Atlas Shrugged. She's also a best selling author of language learning ebooks on Amazon. According to her bio, she speaks 15 languages, which she picked up in her life of traveling the world. There's just one problem: the author Dagny Taggart doesn't exist. She is the pen name for a group of anonymous authors who were hired by an Argentine "Amazon entrepreneur" and a follower of k(indle) money get rich schemes. [more inside]
Best Selling author Douglas Preston, along with 907 other authors, signed a letter that ran as a double full-page ad in yesterday’s print edition of the New York Times, asking Amazon to stop blocking or delaying the sale of books on their site as a tactic to lower the e-book prices that Amazon is charged by the publisher Hachette.* The three month dispute between Hachette and Amazon previously prompted a response by Amazon’s self-published authors and readers, but it took an odd turn Saturday night when Amazon posted this letter on a site called ReadersUnited.com, after sending it as an email to all of its Kindle Direct Publishing authors. In that letter they include Hachette’s CEO’s email, and have asked their KDP authors to write to Hachette’s CEO telling him what they think about cheaper ebooks. [more inside]
U.S. District Judge Denise Cote has found that Apple conspired with publishers to fix the prices of ebooks. Publishers Weekly describes Apple's defeat as "a major blow". Writing before the ruling, Roger Parloff at Fortune Tech delved into Apple's "agency model" for ebook sales and noted that Amazon's business model is "the missing piece... of this jigsaw puzzle". Philip Elmer-Dewitt reviews Judge Cote's findings. (Review the decision and other trial information yourself here.) Michael Clarke at Scholarly Kitchen explains why he considers this a loss for the public.
"..it is refreshing to see Jason Merkoski, a leader of the team that built Amazon's first Kindle, dispense with the usual techo-utopianism and say, “I think we’ve made a proverbial pact with the devil in digitizing our words.” [more inside]
Amazon contemplating the used ebook market. But will they still have used book coffee rings on the pages? [more inside]
Five years ago today Jeff Bezos’ Amazon.com released the Amazon Kindle, a move that would revolutionize the publishing industry. While often controversial, most recently for its international tax avoidance schemes, Amazon has been very successful and has made millions for its founder. What has Bezos done with some of his tax-free millions? Well for one, he launched and landed a rocket vertically, and posted the video to YouTube, just yesterday. [more inside]
Outlawed by Amazon DRM: A couple of days ago, my friend Linn sent me an e-mail, very frustrated: Amazon just closed her account and wiped her Kindle. Without notice. Without explanation. Leaving her without recourse. [via] [more inside]
Following much speculation Amazon has refreshed the hardware for it's Kindle range, including the Kindle Paperwhite (featuring a "flattened out fibreoptic display") and an updated version of the sold out Kindle Fire and a new 8.9 Inch Kindle Fire HD. Earlier Kobo announced their new range, including a Kindle Fire like tablet. Between this, speculation that the Surface RT will have an astonishingly low price and rumors of a 7" iPad coming soon (probably to be announced sometime after Apple's September 12th iPhone 5 event) is the window of opportunity for stock Android tablets closing?
The E-Book Wars: Amazon Versus the Rest. Publishers, distributors, booksellers, and authors weigh in on Amazon's ever-increasing presence and influence in the electronic publishing world. The author also takes a stab at forecasting the future for the major players in the e-book industry.
Barnes and Noble is spinning off Nook into a subsidiary business after a $300M deal with Microsoft which gives the Redmond company a 17% stake, bringing an end to a patent dispute between the two companies and sending shares skyrocketing. Commentary from John Scalzi and Tobias Buckell. Meanwhile the Kindle Fire, Amazon's competitor to the Nook tablet, has grabbed over 50% of the Android tablet market.
The U.S. has filed an antitrust lawsuit against Apple and five of the largest publishers, alleging a conspiracy to rig the pricing of e-books. Simon & Schuster, Hachette and HarperCollins have agreed to settle, though Macmillan, Penguin and Apple continue to contest the charges. Some background from WIRED: Bigger Than Agency, Bigger Than E-Books: The Case Against Apple and Publishers
Hugh Howey was a self-published novelist of no real success. Until WOOL, that is - a 15,000 word "little throwaway story" he uploaded to Amazon's Kindle Marketplace one day and promptly forget about. The story he didn't blog, didn't tweet, and didn't even sell on his site hit #2 on the Kindle SciFi Bestseller list and "changed the course of e-books." [more inside]
Byliner and The Atavist might be heralding a change in how and how much longform article authors are paid.
Borders is liquidating as soon as this Friday, closing all 399 stores, ending 40 years of business, and 11,000 jobs. Brought down by e-books and Amazon. Scenes From A Borders Liquidation Sale. Map of (soon to be vacant) Borders stores.
Do you want some Spam with your Kindle? Spam has hit the Kindle, clogging the online bookstore of the top-selling eReader with material that is far from being book worthy and threatening to undermine Amazon.com Inc's publishing foray.
Best-selling author Seth Godin has launched a challenge to traditional publishing with The Domino Project, the first publishing imprint to be powered by Amazon. [more inside]
Amanda Hocking is 26 years old. She has 9 self-published books to her name, and sells 100,000+ copies of those ebooks per month. She has never been traditionally published. ... And it’s no stretch to say – at $3 per book/70% per sale for the Kindle store... there is no traditional publisher in the world right now that can offer Amanda Hocking terms that are better than what she’s currently getting, right now on the Kindle store, all on her own. (related)
Borders filed for Chapter 11 bankruptcy protection this morning, announcing it would close about 200 of its 650 or so remaining stores.
Cory Doctorow gives a talk at Bloomsbury on book pricing in the internet age (47min video)
The announcement of the iPad earlier this week has prompted a lot of discussion about ebook prices among publishers and their sales partners. That discussion took a major turn yesterday when Amazon pulled the buy buttons for Macmillan's books off their site. Many of Macmillan's titles are still available through Amazon, but only through third parties. Right now, one of the largest publishers in America is no longer available from Amazon because they can not agree on ebook prices. [more inside]
How will the Kindle change the publishing business?
Amazon's Jeff Bezos wants to change the way we read. Amazon's new e-book reader, Kindle, is not just a device, it's a service. With EVDO wireless connectivity you can download content to your Kindle any time any place. "This is not your grandfather’s e-book," said one publishing executive to the New York Times. "If these guys can’t make it work, I see no hope."