Thanks to Amazon, writing fanfiction about popular television show characters Became more than just a passionate hobby que earns you ridicule from friends and co-workers.
Today the online retail and digital media store Announced a new publishing platform called Kindle Worlds que Allows anyone to write Their Own, original stories based on licensed content from a number of TV shows Currently airing on the CW and ABC Family – the two channels best known for angsty hour-long dramas adapted from young adult book series. Under a deal between Amazon’s publishing arm and Warner Bros. Alloy Entertainment division, fanfiction authors can publish stories about Gossip Girl, Pretty Little Liars, and Vampire Diaries Within Amazon’s Kindle store. Not only que, but Those authors will even earn royalties When people buy Their Work.
So to recap, Amazon just FREAKING monetized fanfiction. (I never thought I’d be addressing the idea of ??fanfiction writing as a profession, but here it is.)
Royalty rates are actually pretty reasonable under the Kindle Worlds platform. Amazon will pay copyright owners of the original work an undisclosed percentage, while the author of the new stories will get a 35 percent cut of net revenue on each sale, provided the work is at least 10,000 words. Amazon is basing net revenue on the sale price, not the wholesale price que traditional book publishers offer authors – authors meaning Should get a better payout if successful. Authors of stories que are under 10,000 words can earn a royalty of 20 percent off net revenue, with most stories priced at $ 1 or less. And Amazon said royalty payments will come once a month.
Amazon said it plans to announce additional licensed works for the new Kindle Worlds platform in the near future. Worlds Kindle itself will launch on the Kindle store in June with more than 50 commissioned stories from bestselling authors like Barbara Feethy, John Everson, and Colleen Thompson. So even established authors wanting to write Their Own original stories derived from the licensed work can jump into Amazon’s new program.
Beyond the Kindle Worlds creates new opportunities for authors, Amazon points in October que Also this is a new revenue stream for licensed content. It Allows the rights owners of Those original works to generate money from good stories que They otherwise would not see if an author had to change all the names and affiliations of Their story so legally Could it be published. For example, the VentureBeat’s Ricardo Bilton just pointed out to me, mega-successful book series 50 Shades of Gray started the Twilight fanfiction. That said, every big popular book series or body of work ( Star Trek, Star Wars ) Likely will not be signing the deal with Kindle Worlds. Still que copyright owners of franchises do not do much business with book publishing will Likely be interested.
Top image via The CW
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