Barnes and Noble has relaunched their self-publishing service, Publishers Marketplace reports. In partnership with self-publishing software providers FastPencil, the new Nook Press (formerly known as PubIt!) will feature tools that enable authors to upload and revise a manuscript within the tool, and invite others to read and comment on the project.
According to Publisher’s Marketplace:
Nook says that self-published ebooks now comprise 25 percent of all monthly Nook sales (we’re inferring that’s in units.) They add that 30 percent of Nook customers purchase self-published ebooks every month, and they say title volume from self-published authors is growing by 24 percent each quarter at the Nook store.
As before, Nook Press pays through 65 percent of list price for ebooks between $2.99 and $9.99, and 40 percent of list for ebooks priced above and below those threshholds, with a minimum price of 99 cents and a maximum price of $199.99. They pledge “no hidden terms or fees,” so there are no file download charges deducted from author proceeds.
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