Go Read This | Bill will end low prices for new Hebrew … JPost – National News
by Eoin Purcell
Wowzers! How crazy is this?This makes publishing Hebrew Books pretty uncompetitive. How does all this work with ebooks?
The bill also states that for the first 18 months authors will receive a minimum 8% royalty for the first 6,000 books sold, and royalties of at least 10% for all books sold after that number.
For the next seven years, publishers will be obligated to pay authors at least 16% royalties on profits from their books.