Amazon.com Inc. (NASDAQ:AMZN) announced the launch of Kindle Worlds

by Fiona Gabriel | Tuesday, Aug 27, 2013 | 866 views

Northern, WI 08/27/2013 (usastockreport) – Amazon.com Inc. (NASDAQ:AMZN) had been continuously making attempts to make a mark in publishing. The company’s Amazon Publishing had recently announced the launch of Kindle Worlds, which is the first publishing platform which allows any writer to create stories based on fan fictions of their choice. This commercial publishing tool is highly innovative as it allows user to write and publish stories that are highly inspired by their favorite serials, tv shows and stories. Further, such stories created by the users can be made available for purchase on the Kindle Stories.

The publishing division of Amazon.com Inc. (NASDAQ:AMZN) is designed to pay royalties to both the authors who had created the stories and to the rights holders. It had been reported that the royalties are paid at the rate of 35% of net revenue. It had further been commented that the Kindle World would keep the net revenues as calculated off of the sales price, compared to the industry practice where it is calculated off of the wholesale price. The royalties to such authors and right holders are generally paid out from the company once in a month.

Amazon.com Inc. (NASDAQ:AMZN) had further launched an experimental pilot programme through which the authors are allowed to create stories of their choice of 5000 to 10000 words each which would be sold out through the website for one dollar per story. For such stories, the authors and rights holders would each receive royalties at the rate of 20% of the sales price. The company had thus proved to continuously present innovative ways to provide high level of benefits to the users and further to find ways to monetize such value through their franchises which had been continuously adding on to the revenues on its balance sheet.

Like it? Share it!

Leave A Response