Copyright gives an individual or corporation exclusive rights on a text, for a limited period of time. This means no one else can reproduce the text or make derivative works (such as audio recordings) while the copyright is in force. Copyrights are granted for a limited time, and eventually they expire, and the text enters the 'public domain'. Meaning anyone can use that text however they wish. All of the texts supplied on Litphonix for the narrators to record are in the public domain. In addition, book summaries, audio cover art, and any other material that goes into our catalogue with the audio recordings are in the public domain.
After you record an audiobook the copyright belongs www.litphonix.com. As the narrator you are entitled to a performance fee, which is 30% of revenue for classic audiobooks. At Litphonix we are planning to bring copyrighted texts from contemporary authors to our narrators and audience. Your performance royalty rate will be 20% of revenue for contemporary audiobooks.