Andre Yoskowitz
9 Nov 2010 15:30
Amazon has said today that it will begin paying publishers 70 percent of the retail price (after delivery costs) for all magazines and newspapers they sell via the Kindle Store.
The new move will take effect on December 1st.
Amazon says (via the WSJ), "newspapers and magazines will qualify for the new rate only if customers can read the title on all Kindle devices and applications, and in all countries where the publisher has rights."
Giving an example, Amazon says any newspaper that delivers 9MB of content per month would make $6.05 per subscription, after subtracting $1.35 for delivery costs.
Says Peter Larsen, director of Kindle Periodicals: "Increased revenue sharing is a great new tool for making Kindle better and easier than ever for publishers."