Richard Curtis says Random House has announced a shift in its ebook royalties in a letter recently sent to literary agents. From E-Reads:
Commencing December 1, 2008, the new royalty rate for sales of ebooks will be 25% of the amount received for all sales, Random’s letter goes on to state. What does Random House actually receive? Most e-book retailers take a discount of approximately 50% of an e-book’s list price. Therefore, the amount received by Random House — the amount on which the new royalty will be based — is about half of the list. [Emphasis included in original post.]