Larger Royalties for Amazon's Digital Publications

This article from the LA Times talks about how Amazon is offering author royalties as high as 70% for books that are published digitally through them. It says that typical royalties through publishers are as low as 7-15%, so the new rate that Amazon will offer is significantly higher.

While this seems like an especially good deal for authors, there are also a number of restrictions that apply to these digitally published books. There are a few requirements with regards to what prices the books can be set at, and authors would also need to give Amazon a number of rights to the book.

Amazon's announcement comes shortly before Apple is expected to announce a new device that can be used to read e-books, among other things.