The UK government has ‘fast-tracked’ its plan to end VAT on ebooks and digital newspapers and the rate of tax has been slashed from 20% to zero from May 1, 2020.
The Kindle Unlimited KENP rate for March 2020 was $0.0046, up from $0.0045 in February and $0.0044 in January, while the KDP Select fund for March 2020 saw a monthly increase of 6.6% to $29 million from $27.2 million in February 2020.
Ebook distributor PublishDrive has added audiobook and ebook streaming service Storytel to its list of channels.
With schools closing during the coronavirus pandemic, Audible has set up Stories.Audible.com where ‘anyone, in any country, can enjoy unlimited streaming of hundreds of titles for kids and families for free’.
UPDATE: BookExpo 2020 has been called off.
for its original dates in May and rescheduled to be held at the Javits Convention Center in New York from July 22-24.
The Kindle Unlimited KENP rate for February 2020 showed a small rise to $0.0045 from $0.0044 in January while the KDP Select fund for February 2020 fell back by $1 million to $27.2 million from $28.2 million in January 2020.
The London Book Fair 2020 has been cancelled less than a week before it was scheduled to start after big publishing firms pulled out of the event.
Kindle Unlimited saw the biggest-ever monthly increase in the KDP Select fund for January 2020 as the fund rose by $2m to $28.2 million from $26.2 million in December 2019.
The Self-Publishing Advice Conference is all set for the first major event of the year with the Online Author Conference on Saturday, March 14 to tie in with the London Book Fair.
Penguin Random House are withdrawing their titles from digital book subscription platforms following the takeover of the company by German publishing giant Bertelsmann in December 2019.