ess book community but his recent deal for eBook rights with Amazon has made the entire publishing industry take notice. No one can deny now that there is a revolution going on, the biggest change in publishing since Johannes Gutenberg invented the printing press.The article below is from Digital Life:
When the history of e-books is eventually written, Stephen R. Covey may get an entire chapter. That's because the author of The 7 Habits of Highly Effective People and Principle-Centered Leadership has moved his e-book rights to those titles from Simon & Schuster to an exclusive arrangement with Amazon.com for its Kindle e-reader.
The move, announced Tuesday by Amazon, is being watched carefully by traditional publishers. They are concerned that more popular authors could make a greater share of profits by licensing their e-book rights directly to e-publishers, rather than by going through print publishers.
50 Versus 25 Percent
According to news reports, Covey will release other titles exclusively as e-books through Amazon. The deal was made with Amazon on Covey's behalf through RosettaBooks, which has said the author will receive half of the net proceeds. Traditional publishers generally offer 25 percent of net from digital publications.
In addition to the higher royalty, Amazon's plans to heavily promote the titles were also reportedly a factor in the author's decision. FULL STORY
RELATED NEWS: Ailing company, Borders are to pin its hopes for future survival on a new eBook store online. The company have struck up a deal with Canadian eBook specialists, Kobo and a new digital reader is being developed -
"Our partnership and investment in Kobo is a significant step in our digital strategy of providing eBooks however our customers want to consume them," Borders Group C.E.O. Ron Marshall said in a statement. "Borders shares Kobo's vision to provide any e-book on any device, and we look forward to working closely with Kobo on content and distribution."
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