We’re posting today with an important update regarding ACX royalty and bounty payments, effective March 12. For titles started on or after March 12, 2014 that are distributed exclusively through Audible, Amazon, and iTunes, a flat 40% net royalty will be paid to the Rights Holder; on royalty share deals, this amount will be split equally between the Rights Holder and Producer. For titles that are distributed non-exclusively, the Rights Holder will receive a flat 25% royalty.
We’re also revising our Bounty Program. Now, a $50 bounty will be awarded to the royalty earner every time their book is the first purchase of a new AudibleListener™, instead of any of the first three purchases. In royalty share deals, this $50 is still split evenly between the Rights Holder and Producer.
Note that any completed audiobooks – or audiobook productions that have an offer extended to a producer before March 12, 2014 – will still accrue royalties under the existing royalty structure.
What is the reason for this change?
We’re really proud of the innovations ACX has pioneered, including our aggressive payment structure and royalty sharing programs—and we are especially proud of the number of ACX audiobooks earning growing royalties. We are committed to continuing our record of innovation and creating and expanding opportunities for more rights holders and producers in 2014—both current users and those new to the service. Furthermore, we want to encourage producers, authors, and Rights Holders to promote their audiobooks with the increased bonus of $50 (or $25.00 on Royalty Share deals).
What happens to my existing audiobook contracts?
There will be no change to your existing audiobook contracts. Your existing productions will continue to accrue royalties under the terms agreed to in the contracts. In addition, you can now take advantage of $50 bounties.
What happens between now and March 12?
If you make an offer before March 11 at 11:59PM ET, and that offer is accepted before it expires, your book will earn royalties at the current royalty rate. If your offer is not accepted, cancelled, or terminated at a later time, the new royalty rate will apply.
We sincerely thank you for your loyalty as an ACX user, and we assure you that the changes detailed here will allow us to continuously work to improve your ACX experience. And remember, you can always contact us to discuss your questions by emailing email@example.com.