At the same time, Amazon.com, Inc. (NASDAQ:AMZN) will also release a self-service submission platform for Kindle Worlds, providing an easy way for any writer to submit his or her own completed work. And remember, Amazon is paying a standard royalty rate of 35% of revenue for works of at least 10,000 words, and 20% for shorter stories between 5,000 and 10,000 words. The rest, of course, will be split between Amazon and its licensors.
In the end, my hat’s off to Amazon for so quickly fulfilling its promise to writers to bring more content to Kindle Worlds.
Of course, it certainly wasn’t an entirely selfless pledge. By extending its already-in-place publishing platform and taking the nitty-gritty licensing details out of the equation for fan-fiction writers, Amazon.com, Inc. (NASDAQ:AMZN) has intelligently created a fantastic, low-overhead source of new revenue with absolutely massive potential going forward.
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The article Amazon’s Kindle Worlds Just Got More Exciting originally appeared on Fool.com.
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