NetGalley has been bought by Japanese ebook distribution company Media Do in a takeover deal for NetGalley's owner Firebrand Technologies, which offers a range of services to the publishing industry.
Self-publishing Blog
Barnes & Noble Press raises ebook royalties to 70% across all prices and speeds up payouts
Barnes & Noble Press has increased its ebook royalties to a flat 70% across all prices and has stepped up its payment schedule to pay out authors 30 days after purchase instead of 60 days.
Wattpad will join Webtoon in $600 million sale deal with Korean search engine company Naver
Wattpad is set to join the Webtoon brand in a takeover deal by Korean search engine company Naver that values Wattpad at more than $600 million.
Kindle Unlimited KDP Select Fund total for 2020 leaps by 25% over 2019
The Kindle Unlimited KENP rate for December 2020 fell back to $0.0045 from $0.0046 in November 2020, while the KDP Select Global Fund for December 2020 rose strongly by $800,000 to $34 million from $33.2 million in November 2020.
Former head of Amazon Publishing’s Thomas & Mercer UK joins Bonnier to launch new digital-first genre imprint
The former head of Amazon Publishing's UK crime and thriller imprint Thomas & Mercer has joined Bonnier Books to set up a new digital-first genre publisher.
Wattpad said to be ‘up for sale for $500 million’ after year of increasing diversity and strong growth
Wattpad is reported to be up for sale at around $500 million after 2020 saw strong growth for the story platform amid the Covid pandemic.
Indie publisher Joffe Books reaches total of 10 million book sales
Independent UK publisher Joffe Books has hit the 10 million mark in total sales of books since it was set up in 2014 by Jasper Joffe.
OverDrive ebook library lending leaps by 40% in 2020
Public libraries hit record levels of digital book circulation in 2020 as readers worldwide borrowed 430 million ebooks, audiobooks and digital magazines, a 33% increase over 2019. Ebooks saw a particularly high rise in lending with a 40% increase compared with 2019.
NetGalley site hacked in database attack
Book review service NetGalley was hacked just before Christmas in a data security incident.
Kindle Unlimited KENP rate for November 2020 edges up while KDP Select Fund runs at 25% above 2019
The Kindle Unlimited KENP rate for November 2020 rose slightly to $0.0046 from $0.0045 in October 2020, while the KDP Select Global Fund for November 2020 increased by $300,000 to $33.2 million from $32.9 million in October 2020.
Amazon moves fast to widen reach of Estimated KENP Royalties metric
Amazon only launched the Estimated KENP Royalties metric in the US just a few weeks ago at the start of November but it has already moved to extend it to KDP authors advertising in the UK, Canada, Germany, France, Italy, Spain and Australia.