Wednesday, November 4, 2015

Smashwords: Amazon Lowers Kindle Unlimited Payouts

Listen humans ... It's a business.
Panzer stopped in for a visit at the Smashwords blog today. Our kitty traveler can't seem to go anywhere lately without tripping over news about Amazon and his trip to the Smashwords blog is no different.

According to a post by Smashwords founder Mark Coker, Amazon is changing how their KDP Select global fund will handle their Kindle Unlimited (KU) author payouts. The payouts will now take into account the monetary exchange rates in the different countries where an author's ebooks are sold. This will undoubtedly mean a lower payout rate for authors. Mr. Coker points out that he stated this would happen back in March of this year.

Panzer says, "Not too surprising to an astute cat like me. Amazon is a business and the purpose of a business is to make money. You can't make money, if you give it all away to your workers. Kind of like the purpose of a human is to feed this kitty and, if you eat all my food, I'll be one unhappy kitty. And that ... is why I'm not part of KU and you can buy my ebooks at all the e-retailers."

Note: Included in the Smashwords post is a link to the original Amazon press release. One cup of tea should suffice for your reading today.

Smashwords: Amazon Lowers Kindle Unlimited Payouts:

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