Author Brandon Sanderson Successfully Negotiates Enhanced Royalty Rates for Fellow Writers at Audible
Spillin' the Tea on Brandon Sanderson's Audiobook Royalty Breakthrough
Here's the lowdown on Brandon Sanderson, the wildly popular fantasy author, shaking up the audiobook world with his latest move!
Last year, Sanderson raised a storm over the lack of transparency and stingy royalty rates offered by audiobook distributors, especially Audible. He argued authors should snag a bigger slice of the profits, akin to the rates found in other creative industries like music and video games.
To drive home his point, Sanderson pulled a bold move: withholding his much-anticipated "Secret Projects" from Audible. The decision wasn't easy, but it was designed to raise havoc and trigger competitive flames in the audiobook market.
Fast forward to today, and Sanderson's persistence seems to have paid off. He recently dropped the bomb: after several months of tough negotiations with Audible, a new royalty structure has been hammered out! Set to kick into gear in 2024, this fresh structure boasts some major wins for authors:
- Bigger bite of the pie: Authors will pocket a higher percentage of the dough generated from each audiobook sale.
- Light in the dark: Authors will dig up more details about how their royalties are calculated and dispersed.
- Cash flow control: Authors will receive their royalties more often, enabling sound financial decision-making.
While the new structure doesn’t nail all of Sanderson's original demands, he figures it's a mighty leap ahead for authors in the audiobook arena.
He gives a hat tip to further progress, especially concerning exclusive deals and author pricing control, but he sees this development as a hopeful omens for the future.
Sanderson's successful wrangle with Audible underscores the strength of individual voices advocating for change. He urges fellow authors to spout their two cents about industry issues and team up to build a fairer, more lasting landscape for creators.
The news has got fans and fellow authors all jazzed, as they recognize the potential benefits of this agreement for the entire literary fraternity.
Now, you might be wondering... what exactly is the deal in 2024? While there's no specific info on this thrilling new agreement, experts suggest it could boost transparency, royalty rates, and perhaps even set standards for the audiobook industry, delighting creators everywhere.
In this new audiobook royalty structure, set to take effect in 2024, authors will not only receive a larger percentage of the profits but also have better control over their finances, thanks to more frequent royalty payments. Furthermore, this development spearheaded by Brandon Sanderson could pave the way for increased transparency and higher standards in the audiobook industry itself, potentially benefiting not just him but all creators, including those in related fields such as business, technology, entertainment, and even authors of books on finance or other subjects.
