{"id":1918,"date":"2019-03-01T11:31:49","date_gmt":"2019-03-01T00:31:49","guid":{"rendered":"https:\/\/www.booksandpublishing.com.au\/independentpublishing\/?p=1918"},"modified":"2019-03-01T11:31:49","modified_gmt":"2019-03-01T00:31:49","slug":"more-than-1000-authors-earned-over-us100k-in-2018-says-amazon","status":"publish","type":"post","link":"https:\/\/www.booksandpublishing.com.au\/independentpublishing\/articles\/2019\/03\/01\/1918\/more-than-1000-authors-earned-over-us100k-in-2018-says-amazon\/","title":{"rendered":"More than 1000 authors earned over US$100K in 2018 says Amazon"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">Amazon has reported that authors earned more than\u00a0US$260 million (A$359m)\u00a0from the\u00a0Kindle Direct Publishing (KDP) Select Global Fund in 2018, totalling more than\u00a0US$840m (A$1.16bn) since the launch of Kindle Unlimited. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Amazon said, \u2018hundreds of thousands of authors have self-published millions of books through KDP since launching the service in 2007\u2019. It added that \u2018thousands\u2019 of authors earned more than US$50,000 (A$69,000) from KDP royalties in 2018, and more than 1000 authors earned over US$100,000 (A$138,000).<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The company shared the data when releasing its full-year financial\u00a0<a href=\"https:\/\/press.aboutamazon.com\/news-releases\/news-release-details\/amazoncom-announces-fourth-quarter-sales-20-724-billion\">results<\/a>, which showed a net sales increase of 31% in 2018.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The retailer earned net sales of US$232.9 billion (A$321.3bn) this year, compared with US$177.9bn (A$245.4) in 2017. Operating income increased to\u00a0US$12.4bn (A$17.1bn), up from US$4.1bn ($A5.6bn) in 2017. Net income increased to\u00a0US$10.1bn (A$13.9bn), up from\u00a0US$3bn (A$4.1bn) in 2017.<\/span><\/p>\n<h5><em>A version of this story first appeared in <\/em><a href=\"https:\/\/www.booksandpublishing.com.au\/articles\/2019\/02\/04\/122878\/amazon-shows-31-net-sales-increase-in-2018\/\">Books+Publishing<\/a><em> on 4 February 2019. Books+Publishing is Australia\u2019s leading source of print and digital news about the book industry, keeping <a href=\"https:\/\/www.booksandpublishing.com.au\/subscription\/\">subscribers<\/a> up to date with the latest industry news, announcements, job advertisements, events, trends and more.<\/em><\/h5>\n","protected":false},"excerpt":{"rendered":"<p>Amazon has reported that authors earned more than\u00a0US$260 million (A$359m)\u00a0from the\u00a0Kindle Direct Publishing (KDP) Select Global Fund in 2018, totalling more than\u00a0US$840m (A$1.16bn) since the launch of Kindle Unlimited. Amazon said, \u2018hundreds of thousands of authors have self-published millions of books through KDP since launching the service in 2007\u2019. It added that \u2018thousands\u2019 of authors<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[],"class_list":{"0":"post-1918","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-international-news"},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.booksandpublishing.com.au\/independentpublishing\/wp-json\/wp\/v2\/posts\/1918","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.booksandpublishing.com.au\/independentpublishing\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.booksandpublishing.com.au\/independentpublishing\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.booksandpublishing.com.au\/independentpublishing\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.booksandpublishing.com.au\/independentpublishing\/wp-json\/wp\/v2\/comments?post=1918"}],"version-history":[{"count":0,"href":"https:\/\/www.booksandpublishing.com.au\/independentpublishing\/wp-json\/wp\/v2\/posts\/1918\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.booksandpublishing.com.au\/independentpublishing\/wp-json\/wp\/v2\/media?parent=1918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.booksandpublishing.com.au\/independentpublishing\/wp-json\/wp\/v2\/categories?post=1918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.booksandpublishing.com.au\/independentpublishing\/wp-json\/wp\/v2\/tags?post=1918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}