"Our authors and publishers spoke (and some wrote, screamed, begged and politely asked), and we listened.
Effective today, all Smashwords retailers are pricing Smashwords books at the price set by the author or publisher. No more discounting.
It also means we have significantly increased the royalties we pay our authors and publishers.
To summarize how we got here, and what it means to Smashwords authors, publishers and readers, let's take a stroll down memory lane to review how books have traditionally been priced, distributed and sold."
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