Kindle Forum banner
1 - 20 of 330 Posts

·
Registered
Joined
·
6,335 Posts
Just got this email.

"We are writing you to inform you about upcoming changes to our royalty structure and bounty program for new audiobook projects started on ACX on or after March 12, 2014. The new royalty rate for titles distributed exclusively to Audible, Amazon, and iTunes will be a flat 40% paid to the Rights Holder (or, on Royalty Share deals, split equally between the Rights Holder and the Producer). For non-exclusive distribution, the Rights Holder will receive a flat 25% royalty."

Royalty rates have been 50%, escalating up to 90%, for exclusive titles, so this is a BIG change.

Personally, I'm getting as many of my other projects as possible agreed to/scheduled with the producer right the heck NOW, so they get the higher rate when they're done. Thought you all might like to know, in case you're in the pipeline with this like I am.

ETA: I see I am not the first! Maybe we can merge the threads.
 

·
Registered
Joined
·
1,020 Posts
That...freaking sucks. :(
 

·
Registered
Joined
·
503 Posts
I got to 275 book sales for one of my titles ... was really looking forward to getting to 500 and triggering another percentage increase!

Dang.

Huge changes and it makes me re-consider adding more titles to ACX.
 

·
Registered
Joined
·
2,232 Posts
What are the alternatives to ACX? My books are not ready and my projected timeline for audiobooks is not until Christmas (er, hopefully this Christmas). This is a bummer for me that they drop the royalty rates before I get into the playing field.

Has anyone here done audiobooks the DIY way? I know friends in the theater industry and I am sure I can get them to read my books for me for a price, of course. But then from that point on, how do you get to market without ACX but be on Amazon?

I think I will be doing audiobooks instead of bypassing it. I know of vision-impaired friends for whom this would be a good thing.

What do traditional publishers do?

TIA for solution suggestions.

Michael Robertson Jr said:
Yeah, it does kind of suck, bu 40% still isn't bad, and to me it's a sign that the industry is really taking off for self-pub audio.
I see your glass-is-half-full POV and I can live with that too.

But still, can't help asking... Maybe there are alternatives to consider?
 

·
Registered
Joined
·
503 Posts
Oops. I misunderstood. My current titles will continue to earn the escalating rates. But new ones won't. So there's still a chance I'll bump from 50% to 51% someday! :)
 

·
Registered
Joined
·
6,549 Posts
erikhanberg said:
I got to 275 book sales for one of my titles ... was really looking forward to getting to 500 and triggering another percentage increase!

Dang.

Huge changes and it makes me re-consider adding more titles to ACX.
Actually it makes me consider getting all my stuff in quick with my current producer before the March 12th deadline. The production doesn't have to be completed before that dead line as far as I can see, but the deal must be signed before it. Otherwise, we lose 10% right away and never get the escalating royalty as sales accumulate.
 

·
Registered
Joined
·
539 Posts
Michael Robertson Jr said:
Yeah, it does kind of suck, bu 40% still isn't bad, and to me it's a sign that the industry is really taking off for self-pub audio.
No it's a sign that ACX is the biggest and the most dominant player in the market.
 

·
Registered
Joined
·
6,335 Posts
erikhanberg said:
Oops. I misunderstood. My current titles will continue to earn the escalating rates. But new ones won't. So there's still a chance I'll bump from 50% to 51% someday! :)
That's right, and if you "start" a project--post it, request auditions, or agree with the producer, before March 12, you still get the higher royalty. So--Agreement Town, here I come! (One book coming out Saturday, one in progress, and if I can get it, three more agreed to before that evil date arrives.)
 

·
Registered
Joined
·
8,104 Posts
Thank God I just finished one, and I have another in process. I'll push up my third project to beat the March 12th date, but that is all I can do. My angel series is being marketed by my agency, so I can't produce anything new with them. But this blows on all my future self publish titles.
 

·
Registered
Joined
·
6,549 Posts
Mcoorlim said:
http://www.acx.com/help/important-announcement/201457230

This is... unfortunate. Titles produced before March 12 will still get the standard escalator rates (50%+), but everything new is a flat 40%.
I'm reading it as deals signed before that date will be honoured. Do you agree? This means if you get your books in before March 12 you don't have to have the production completed only a deal signed to get the old rate. I have 3 books in production, deal signed in Jan. I have 6 more with no deal signed, but I could probably get my current narrator to agree to signing--the completion date would be way later in the year though.
 

·
Registered
Joined
·
299 Posts
Discussion Starter · #13 ·
Yep, they're honoring the rate on older books.

This is what happens when an amazon subsidiary actually has a monopoly, I guess.
 

·
Registered
Joined
·
1,182 Posts
So much for the notion that the Zon would never reduce our royalty rates because otherwise we'd all go elsewhere. Does anyone believe that ACX operates in a vacuum?

Not saying we should all freak out. I am saying that the history of corporate life is to squeeze the vendors for more profit, and notions that we are customers, not vendors, are almost entirely rhetorical, if not whimsical as well.

This really kind of blows, though, if you've got a business model that assumed the 50%, and now have to revise it to reflect a 20% reduction in your pay. "Hey, we love you, but instead of $20K a year, we're only going to pay you $16K, OK? Now go make some nice rat tail soup and celebrate that it's still more than traditional publishers, who bear 100% of the cost to produce, package and distribute audiobooks, pay." I think that last bit is the most insulting part of the announcement.
 

·
Registered
Joined
·
539 Posts
blakebooks said:
This really kind of blows, though, if you've got a business model that assumed the 50%, and now have to revise it to reflect a 20% reduction in your pay. "Hey, we love you, but instead of $20K a year, we're only going to pay you $16K, OK? Now go make some nice rat tail soup and celebrate that it's still more than traditional publishers, who bear 100% of the cost to produce, package and distribute audiobooks, pay." I think that last bit is the most insulting part of the announcement.
Yeah. I kinda rolled my eyes at that part. And how this reduction accommodates us better somehow.
 

·
Registered
Joined
·
599 Posts
bye bye royalty-share. It will be harder than hell to find someone of any quality to narrate your title on this structure. I certainly won't. What an idiotic move.
 

·
Registered
Joined
·
1,182 Posts
Nadia: Yup. That typical bureaucrat speak. "We aren't curtailing your rights, we're increasing your safety!" Uh huh.

Appears that cynicism is still the best approach to business...
 
1 - 20 of 330 Posts
Top