In a post titled "Kindle Bloggers Become Amazon's Bitches," Edward Champion's Reluctant Habits explains exactly why Amazon's recent decision to open the Kindle up to any blogger (with the blogger earning 30% of the profit from their blog appearing on Kindle, and with Amazon determining the blog's price) is not a good idea at all.
Here's some of the post:
Not only do you give Amazon âa nonexclusive, irrevocable, worldwide right and license to distributeâ your blogging, but you also give this up to affiliates and independent contractors. So letâs say a major publisher decides to âindependently contractâ with Amazon. And they see a blog that they like. Well, guess what? They can take your content, publish it as a book, and collect the revenue without paying you a dime. Because Section 4 (âRoyaltiesâ) specifies that the blogger only gets paid for âSubscription and Single Issue sales revenues,â meaning any of the 30% revenue that youâre going to get with the Kindle. And I particularly love how Section 5 gives the blogger a mere six months to file a legal claim, which is âlimited to a determination of the amount of moniesâ and not operational practices. You know, trivial concerns such as Amazon distributing your content to affiliates and independent contractors without the bloggerâs consent.
You should read the whole thing. It's an awesome post.