Fan fiction, a labor of love for die-hard fans of popular characters and intellectual properties, previously? relegated to the back alleys of the Internet, has now been legitimized.
Amazon has announced a new publishing platform through its Kindle store that will allow fans to digitally publish ? and, more important, be compensated for ?? stories inspired by their favorite books, movies, television shows and comics.
Although a starting date for the initiative, Kindle Worlds, has yet to be announced, Amazon has secured the licenses for three properties: ?Gossip Girl,? ?Pretty Little Liars? and ?The Vampire Diaries.? All are owned by Warner Brothers Television Group?s Alloy Entertainment.
The arrangement, and the promise from Amazon that more licenses are on the way, opens the door to a bounty of publishing possibilities. The involvement of Warner Brothers, which owns DC Entertainment, has already created hopeful speculation among comic book fans that they will one day be paid for writing new adventures for DC?s superhero characters like Superman, Batman and Wonder Woman.
According to its news release, Amazon Publishing will pay royalties to both the rights holder of the original work and the authors of the new works. The standard royalty rate for authors will be 35 percent of the net revenue for works of at least 10,000 words, and 20 percent for short stories of? 5,000 to 10,000 words. The remaining profits will be split between Amazon and the rights holder in terms that the company has not disclosed.
Source: http://artsbeat.blogs.nytimes.com/2013/05/27/amazon-offers-fan-fiction-writers-a-new-platform/
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