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.