Music Business

Amazon & Book Publishers Just Made Music Industry Look Like Neanderthals

image from upload.wikimedia.orgUPDATED: Who knew that the people running book publishing empires were far more forward thinking than your average music exec? After all, they are still, for the most part, peddling paper.  But Amazon's new deal to licence some of publishing's most popular franchises, and enable writers to make money selling fan fiction, served as a reminder of how much the music industry remains stuck in the stone age.

Fan Fiction Authors Are To Books What DJs Are To Music

Excerpts from the release:

image from www.thesixpowermovesofchess.comToday, Amazon Publishing announces Kindle Worlds, the first commercial publishing platform that will enable any writer to create fan fiction based on a range of original stories and characters and earn royalties for doing so.

Amazon Publishing has secured licenses from…Gossip Girl, by Cecily von Ziegesar; Pretty Little Liars, by Sara Shepard; and Vampire Diaries, by L.J. Smith; and plans to announce more licenses soon. Through these licenses… 

Amazon Publishing will pay royalties to both the rights holders of the Worlds and the author. The standard author’s royalty rate (for works of at least 10,000 words) will be 35% of net revenue.

I know..

There are platforms that allow users to license a hit song for a YouTube; and occasionally a band will let fans remix a song as part of a contest.

But Kindle Worlds is allowing secondary creators to make real money – 35% of net – for borrowing heavily from the original work. No morass of multi-party deal making. No upfront licensing fees. Just: Create > Sell  > Share in the profit.

How often does that happen in music?

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5 Comments

  1. Sooo thats what normal people would call sampling? Which is something many musicians have made money from for a long time… How is that different?
    A fan that makes music IS a musician.
    Its a brilliant concept by Amazon, but really cant see its much different that what have taken place in music for many many years…

  2. So I do 100% of the work but only reap 35% of the profits AND I give up all my rights in perpetuity?
    Those corporate predators will never see a cent from my fanfics.

  3. Actually Jennifer, you’re not doing 100% of the work if you’re using someone else’s ideas. Unless my understanding of percentages has changed.

  4. It’s a bad deal, as the original rights owner then owns all your rights and ideas. Thus a new character you come up with could end up in a show/film and you would get NOTHING in compensation. Fan fiction is better as an unpaid fan for fun thing.

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