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Authors miss out.....yet again!

As if things weren't bad enough in the publishing industry - with publishing houses slashing staff and cutting down on the books they publish and bookstores, many of them venerable, closing down, this op-ed piece "The Kindle Swindle?" in the NY Times reveals how authors will miss out from the latest Kindle 2:

"Being president of too many well-meaning organizations put my father into an early grave. The lesson in this was not lost on me. But now I am president of the Authors Guild, whose mission is to sustain book-writing as a viable occupation. This borders on quixotic, given all the new ways of not getting paid that new technology affords authors. A case in point: Amazon’s Kindle 2, which was released yesterday.

The Kindle 2 is a portable, wireless, paperback-size device onto which people can download a virtual library of digitalized titles. Amazon sells these downloads, and where the books are under copyright, it pays royalties to the authors and publishers.

Serves readers, pays writers: so far, so good. But there’s another thing about Kindle 2 — its heavily marketed text-to-speech function. Kindle 2 can read books aloud. And Kindle 2 is not paying anyone for audio rights.

True, you can already get software that will read aloud whatever is on your computer. But Kindle 2 is being sold specifically as a new, improved, multimedia version of books — every title is an e-book and an audio book rolled into one. And whereas e-books have yet to win mainstream enthusiasm, audio books are a billion-dollar market, and growing. Audio rights are not generally packaged with e-book rights. They are more valuable than e-book rights. Income from audio books helps not inconsiderably to keep authors, and publishers, afloat."

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