To add onto SgL’s last post — I have been wondering if Amazon’s latest program, Kindle Unlimited, the subscription service released back in July to compete with Scribd and Oyster, is part of their ongoing experiment with non-traditional models. (And if Kindle Serials, which functioned much like a subscription service, has become obsolete and will ultimately be phased out.) A lot has been said already about KU from a reader’s perspective, as well as a lot of ongoing chatter/controversy at various writer boards, so I’m wary of adding much more to the conversation.
But. A few things that have been on my mind:
1. The rise of paid serials outside of existing programs (in particular Kindle Serials)
– I think this started roughly in 2013 with H.M. Ward and her (still ongoing) “Arrangement” serial. Each installment is short novella length (~20k?) and published for $2.99. She’s been wildly successful, obviously. This led to a surge of serialization in various romance subgenres.
– To be precise, there was stuff going on with the form as early as 2011, and 2012 is probably where it first started hitting its stride on Amazon, especially in the erotica/romance realm (H.M Ward among them). I remember this being the impetus (or one of them) for the Kindle Serials program (unleashed late 2012). I wasn’t paying as much attention at the time though, so please do correct me if I’m mistaken. (2013 is only when it seemed to me serials started becoming “mainstream” due to a variety of factors.)
– 2014 in particular saw the rise of serialization in paranormal romance, with several writers finding great success there, all without relying on Kindle Serials
– I believe SF was the other genre that saw an indie serialization boom thanks in part to Hugh Howey (but I did not watch this as closely)
2. Ye Olde Pricing Dilemma
– H.M. Ward prices each installment at $2.99, as mentioned above. A fair number of serializers follow this model too. But there are also a lot of 99c per installment serializers, who then price higher for “bundled” versions of the story. Installment lengths vary (especially depending on genre), but are generally in the 10k-30k range.
– There was a lot of vocal reader complaint about these pricing models, especially since way back at the start of the Kindle/self-publishing movement the fad had been full novels priced at 99c (with $2.99 being the other common option). There’s been a definite shift in pricing models over the years, but it’s also undeniable that the math can be harsh for the serial reader: last I checked “The Arrangement” is now on part 17, for example, with several offshoots. That’s $50+ in all for maybe 3-5 novels’ worth (if we count strictly by words and assume a base of 20k)… which actually isn’t that outrageous compared to equivalent print pricing*.
Of course, either way it hasn’t really stopped these installments from selling like hotcakes. Despite complaints, there has clearly also been a large contingent of readers who are perfectly happy paying for what they love (or who complain about it but pay up anyway).
* sure, apples and oranges, but probably just as much so as comparing serials with novels in the first place
– 99c may be a friendlier price for readers (from what I observed there were complaints even at that price point though), but disadvantages authors due to the lower royalty rate
– This was an issue Kindle Serials faced as well. The program seemed to approach the matter essentially as if serials were novels: a reasonable one time payment per serial with all subsequent episodes free. Great deal for the reader and fair for the author, but potentially not as profitable as independent releases as above, and also not good for writers with really lengthy serials.
3. Enter Kindle Unlimited
– For $9.99 a month, a reader can read anything they want in the program. Authors are paid per read out of a fixed pool (which may just be there for show, considering the fact that Amazon has manipulated the size of said pool every month of the program’s existence thus far to ensure [or so it seems to me] deliberately calculated payout rates). For the serializing community, this is a win-win for both sides… assuming, of course, that the reader is voracious (i.e. reads other writers’ material in the program too) and/or there are enough installments published and/or the writer publishes frequently. Reading either three to four $2.99 installments or ten 99c installments in a month is enough to make that fee worth it.
– But the program’s exclusivity requirement (anything in KU cannot be published anywhere else) may or may not be to its detriment, as well as the fuzzy payment pool issue. H.M. Ward (who was allowed to experiment with KU without being bound by the exclusivity requirement) recently claimed to have seen a drastic loss in revenue due to the program and has since pulled her work out. Whether or not the loss of revenue for her is true, it’s certainly true that readership will be limited to the Amazon customer base (which is nothing to sneeze at, mind).
(NOT, however, limited to KU subscribers. Those who don’t subscribe can still purchase, as before.)
– Also, KU was not designed specifically with serials in mind. Whether or not it has succeeded for novels is kind of a touchy issue among writers. But the impact of the program has definitely been far broader than Kindle Serials. And even half a year in, it’s really tough to gauge the full implications — in particular the question of “who is really using/will continue to subscribe to KU in the long run?”
4. Differing paths of evolution…
Over the past few years it’s started to appear to me that “webfiction” and “serials” have been evolving along different (but not necessarily contradictory) paths — one with a free/community-based model (Wattpad et al), and another, more aggressive commercial model. KU feels like a gamechanger, and yet it’s hard to say how things will develop from now on. The market is in constant flux. I’m not convinced the dust has settled, and even when it does (if it does), I’m sure there will be more changes waiting ahead of us.
Either way, as 2014 comes to a close, there are a lot more options now to consider, especially for a new writer interested in serializing. Having experimented with a few options myself by now (some under another, secret name), I’m not convinced any path is easier/superior to the others.
But that freedom of choice is what makes this all really so exciting.