I see your glass-is-half-full POV and I can live with that too.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.
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.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!
Huge changes and it makes me re-consider adding more titles to ACX.
No it's a sign that ACX is the biggest and the most dominant player in the market.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.
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.)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!
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.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%.
Yeah. I kinda rolled my eyes at that part. And how this reduction accommodates us better somehow.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.