9/12/2023 0 Comments Webook![]() Rather than that measly 5% of net, WEbook now promises to pay “50% of the total Net Profit for a particular calendar quarter.” 50% sounds great–but those two little words, “Net Profit,” should strike fear into any writer’s heart. Feedbackers have been cut out of the royalty picture entirely, unless the project leader decides to cut them in. The allocations process has been considerably streamlined, with project leaders receiving a set percentage and the rest divided among the actual authors on a pro-rata basis. ![]() Before, WEbook paid royalties of 5% of net, allocated in truly byzantine fashion among collaborators, contributors, and non-authors who provided feedback. For comparison, the old version is still available. That stuff about killing all the lawyers? Maybe we can let some of ‘em live. With WEbook’s platform, engaged community, and industry-leading royalties, we hope the choice will be simple. If your work is picked by the community for publishing, you’ll have the choice. Write and receive reactions on anything you wish at WEbook without giving up any rights to your creative genius. In between the requisite lawyer stuff, you’ll find that authors and contributors now share 50/50 in the profits of published WEbooks. To make that a no-brainer, today we posted our revised Terms of Use. WEbook aims to be the best place for new and experienced authors to publish. Yesterday, WEbook members received a chirpy email announcement: A comment on that post from a WEbook staffer indicated that the TOU were about to be revamped. My recent post about collaborative writing website WEbook identified some significant concerns about its Terms of Use.
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