Barnes and Noble is now joining in with fellow competitors, Amazon and Apple, in the world of self-publishing.
According to Slash Gear, B&N is launching NOOK Press, a rebranded version of B&N’s old PubIt! platform. NOOK Press will allow independent authors to publish their books and make them available ebooks, costing between 99 cents and $199. The books will be available on the Barnes and Noble web site and in the Nook Book Store.
However, B&N will take a percentage of teh sales: 30% of books that cost less than $9.99 and 60% of books that cost more than $9.99. Sounds steep, but apparently Amazon and Apple have similar rates, as Craig Lloyd explains.
[,,,] it’s right up there with Amazon’s 30% and 65% cut that they take from authors with their Kindle Direct Publishing platform. Plus, Apple takes the same 30% cut Apple from iBooks Author.
Right now, NOOK Press is only available in the U.S., but it’s expected to become available in the UK as well. So independent authors….hop on board!