The China National Publication Import and Export Corporation (CNPIEC) is a state-owned company responsible for “letting China know the world” one publication at a time.
When a library working with CNPIEC decides to purchase one of our titles, we -StreetLib- will get paid 50% of the List Price provided to CNPIEC, and the library will then be able to loan that eBook for life.
To compensate the ‘for life’ part, the List Price will be four times (4x) the standard List Price.
So, in simple terms, every time one of the 10,000 libraries adds a StreetLiber’s book to their catalog, the StreetLiber will receive royalties equal to 160% of their original List Price.
e.g. If theit List Price is $10.99, they will be paid $17.58.