Amazon Kindle Worlds Helps Fan Fiction Authors Monetize Their Work
Amazon.com has launched a new service that will allow fan fiction authors to monetize their work called Amazon Kindle Worlds. Kindle Worlds rewards writers and the original rights holders for new fiction that is based on existing characters and stories. When an author creates works that are at least 10,000 words in length will receive 35% of the net revenue based on the sales price with royalties paid every month. Authors that write shorter stories between 5,000 and 10,000 words will receive a digital royalty of 20% based on the sales price.
Amazon has signed up Warner Brothers Television Group’s Alloy Entertainment division as their pilot partner. Writers Cecily von Ziegesar (Gossip Girl), Sara Shepard (Pretty Little Liars), and L.J. Smith (Vampire Diaries) are working with Amazon on this program. Amazon is going to announce more licensing agreements soon with a focus on books, TV shows, movies, music, and other games. Kindle Worlds is opening in June with over 50 stories, many of them from award-winning authors.
“Our goal with Kindle Worlds is to create a home for authors to build on the Worlds we license, and give readers more stories from the Worlds they enjoy,” stated Philip Patrick, director of business development and publisher of Kindle Worlds. “We look forward to announcing additional World licensing deals in the coming weeks.”