audiobooks
ACX drops royalty rate
For those of you who have created audio books with Amazon’s audio division ACX (or are thinking of doing so), you may have heard that ACX made a rather unwelcome announcement today: royalty rates–which had been a generous 50% of sales with a potential to escalate up to 90% based on unit sales–will be reduced to a flat, non-escalating, 40% as of March 12, 2014. [Read more…]