Instead of payment per book once the reader had reached the 10% mark, authors are paid for each page that is read. You can read about it here. Books' pages are worked out by a uniform system, the Kindle Edition Normalized Page Count (KENPC v1.0). Clever old Amazon, no doubt anticipating a flood of aggrieved emails, has made these smaller than a normal page; my novel Replica is 287 pages long, but 452 KENPs.
This system rewards writers who write full-length novels that grip readers. Shorter works, and books that readers don't finish, will loose out.
This is fairer, right?You'd never think so from the wails and moans rising from parts of the press and some authors. You'd never think putting your books in KU was optional.
Erotica shorts authors knew it was going to be bad. I just don’t think most of them thought it was going to be quite *this* bad. Because it looks as if authors will be making about $0.0057 per page. That’s slightly less than half a penny a page, folks.Selena Kitt
(I think erotica tends to be on the short side.)
From The Guardian:
Casey Lucas, a literary editor who works with self-publishing authors, says she has lost six clients already. They have decided to stop writing after “estimating a 60–80% reduction in royalties”. A lot of self-published romance authors are disabled, stay-at-home mums, or even a few returned veterans who work in the field because a regular job just isn’t something they can handle,” she says. “People are shedding a lot of tears over this.”Oh no! Wicked Amazon is ripping off the disabled and disadvantaged! Writers are being forced to stop writing!
Amazon's KU fund for July will be at least $11 million. If the new system encourages some writers to leave KU, there will be more for the rest of us. Always supposing that readers actually read our books after borrowing them, that is.