Amazon to sell fan fiction?

Most of what I've seen is it is a terrible, terrirble contract to sign. You may sell your fiction but the copyright owners have all rights to everything in it, even the ideas or characters you create and they don't pay you a dime for it. And thanks to that contract, they keep the rights to your material forever so you can't turn around and "Fifty Shades of Grey" it into a new book later.

Instead you get 35% of the $1-3.00~ (anything from .35¢ to a $1.05) per book sold for however long people are buying your fic.

John Scalzi among others has a good write up on it.

 

I'm not big on fan fiction (my reasons are the same as GRRM's reasons). If you're going to make your own characters, you may as well put in the effort to make your work an original piece rather than fan fiction. So I'm fine with the contract.