ACX, an Amazon owned site, was an excellent way to get your book done as an audiobook:
Until now, these royalties have been pretty generous:
Creators who agreed to sell exclusively through Amazon and Audible got a rate of 50 to 90 percent, depending on the number of units sold.
“Effective for projects started on or after March 12, 2014, titles distributed exclusively to Audible, Amazon, and iTunes
will earn a non-escalating 40% royalty paid to the Rights Holder (or, on Royalty Share deals, split equally between the Rights Holder and the Producer). "
BIG CHANGE, BAD CHANGE.
After March 12th, no producer will want to accept 20% WITH NO HOPE OF ESCALATING RATES.
A quality voice actor charges $3000 for the average book. Say my audiobook (over which I have no say in its price) sells for $10.
I will have to sell 750 BOOKS to start making my first profit of FOUR DOLLARS.
BUT IT GETS BETTER:
ACX has this thing called WHISPERSYNC --
IF YOU BUY THE KINDLE BOOK, YOU CAN BUY THE AUDIOBOOK FOR $1.99!
So now, I have to SELL 3,750 COPIES OF MY AUDIOBOOK
TO START MAKING MY 80 CENTS PER BOOK PROFIT!
Let's say I get a voice actor for $1000 -- I STILL HAVE TO SELL 1250 AUDIOBOOKS TO START MAKING A PROFIT.
Why the change?
According to ACX, “We are lowering the royalties as we continue our mission to accommodate more audiobook productions."
How does lowering the incentive to produce audiobooks accommodate more productions?
Obviously, it is about greed. The robber barons did it.
The orange growers during the real-life horrors of THE GRAPES OF WRATH did it.
Wal-Mart drove the Mom-And-Pop stores under with low prices, only to raise them once the competition was gone.
Profit is god to many.
ACX states: "Our royalties still remain well above those offered by traditional audiobook publishers.”
But traditional publishers PAY ALL THE PRODUCTION COSTS.
When you catch a monopoly putting a reverse spin on what it is doing, you know the white wash is to hide greed.
ACX's stipend policy helped me to produce END OF DAYS.
Is it like the drug dealer giving you the first hit for free? Is it all smoke and mirrors to get you hooked?
There is a petition requesting ACX to reflect on its new policy of upping its percentage to 60%
without bringing anything new to the table:
What do you think of this?