Do agency-priced e-book royalties rob the authors?

How does agency pricing affect author royalties? Sharp-eyed blogger Brian DeFiore spotted a clue in a slide from HarperCollins’s latest investors’ meeting pointing out that, under agency pricing and the now-standard 25% e-book royalty, publishers are making considerably more and authors considerably less for each agency-priced e-book sale than for each hardcover sale. $27.99 hardcover [...]

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