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June 24 2013 @ 01:44 pm
Amazon Wants to Sell Your Fan Fiction Through Kindle Worlds  

For those who can’t get enough of The Vampire Diaries or dream of further installments of Gossip Girl, Amazon.com (AMZN) may have the answer: fan fiction. The company’s Kindle Worlds e-book venture has licensed the rights to these two soapy teen drama series, as well as another called Pretty Little Liars, and is inviting amateur writers to develop novels and short stories inspired by the characters and back stories of the original works...

At fan fiction sites, writers submit stories for free to avoid running afoul of copyright laws. Amazon seeks permission from the original works’ owners and splits any profits from its fanfic with them and the amateur writers. The writer gets 35 percent of retail sales from a book-length story, and the originator is likely to get 35 percent, leaving Amazon with 30 percent, estimates Peter Hildick-Smith, founder of market researcher Codex-Group. By comparison, the writer of an e-book sold by a traditional publishing house gets 25 percent of the retail price, while ink-and-paper authors get 10 percent to 15 percent, Hildick-Smith says.

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optimistic
 
 
 
(Deleted comment)
Jill aka Josireesanwar on June 28th, 2013 06:30 am (UTC)
I'm a little skeptical too especially since it has always been free.

I do feel as if it is a way to cash in on the fan creativity.