Amazon Announces 70 Percent Royalty Option for Kindle Publishing

This morning, eBookNewser broke the news that starting on June 30, 2010, Amazon (AMZN) will offer a new 70 percent royalty option for works published on the Kindle.

Here’s the official language: “For each Kindle book sold, authors and publishers who choose the new 70 percent royalty option will receive 70 percent of list price, net of delivery costs. This new option will be in addition to and will not replace the existing DTP standard royalty option.”

The new revenue split resembles a rumor about the Apple Tablet from last December. Some insiders believe that Apple (AAPL) will strike a 30/70 revenue split with publishers.

Here’s more from eBookNewser: “Looks like Amazon is getting nervous about the Apple tablet. Just in time to beat next week’s supposed announcement, Amazon has unveiled a new, Apple-like royalty option for authors and publishers publishing their eBooks through the Kindle Digital Text Platform (DTP).”

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