In letters to authors and agents sent Monday afternoon Amazon Publishing said it will quicken the pace at which it pays out author royalties, moving from quarterly remittance to monthly payments, issued 60 days after the close of each month. The news was first reported by the WSJ and we’ve also seen a copy of the letter. In it, vp, Amazon Publishing Jeff Belle explains “in this digital age, we don’t see why authors should have to wait six months to be paid.” The new payment procedure will begin with January 2013 royalties, to be paid through on March 31. […]
