With Apple’s Tablet announcment just 1 week away, Amazon today announced a change to its royalty program for authors on the Kindle platform, presumably in an effort to combat what it sees as a threat from Apple’s latest, and yet still un-announced product.
Over the past few weeks, we’ve heard rumblings that Apple is looking to get into e-publishing, and that it would offer publishers the same 70/30 split it currently offers iPhone developers. Amazon, in contrast, keeps the bulk of the proceeds from every digital sale, or at least they used to. According to a press release from Amazon, the new 70% royalty rate will go into effect on June 30, 2010.
There are some requirements, though, to be eligible for the 70% royalty rate.
Check out the full press release over here.