Amazon just released a new publication service, Kindle Vella, that allows you to release stories by chapter, much as we do here on SOL. (They announced it a week or two earlier, but just listed the specifics today.) According to their blurb:
Kindle Vella is a new storytelling option from Kindle Direct Publishing to self-publish serialized stories, one short episode at a time. Readers will access Kindle Vella stories in the Kindle iOS app and on Amazon.com.
Readers can check out any story by reading the first three episodes for free. After that, they'll purchase Tokens and redeem them to unlock episodes. Episodes can range from 600โ5,000 words and the number of Tokens needed to unlock an episode is determined by the episode's word count.
Obviously the 5,000 word chapter limit is fairly arbitrary, and eliminates most SOL submissions, it's yet another outlet for generating income from stories.
Earning are based on reader-purchased "Tokens", with authors earning only 50% of what readers spend for each episode (which is cheap, even for Amazon!) and expect them to continue obscuring the reports on income generated so you won't know how much you're actually supposed to be getting in any particular pay period.
The service won't launch for another several months, but I'm curious what everyone thinks? Is anyone here remotely interested? Do you even consider publishing to Amazon anymore? Or are the limitations overly restrictive to be meaningful?