This is pretty big news, as Mike Shatzkin points out:
this is a significant jolt to conventional publishing economics. Sales of Konrath’s $2.99 ebook will deliver him about $2.10 a copy (Konrath says $2.04; not sure where the other six cents is going…), as much or more as he would make on a $14.95 paperback from a trade publisher, and significantly more than he’d make on a $9.99 ebook distributed under “Agency” terms and current major publisher royalty conventions.
I noted here and elsewhere how Authors will drive change and pointed specifically to Konrath. It is very interesting that this deal is with Encore whose efforts I have also been watching warily for some time.
Publishers who didn’t see this coming, having been warned that such moves were on the horizon and in the aftermath of a series of similar deals really only have themselves to blame. I wonder what the reaction will be.
Print may wither much sooner than we expect!