A New Zealand company, Wordarchive.com, has launched a Web site to carry a "diverse range of written works" whose authors will receive royalties on a pay-per-view basis.
Although readers can freely access what Wordarchive CEO, Gwilym Griffith-Jones, wants to build into "a vast freely accessible archive of written material for news, research and educational purposes", from Saturday, royalties generated each time an article is viewed will begin to accumulate in registered writers accounts. Upon reaching "a certain size", the royalties will be posted to the author.
The money comes from banner ads located next to the articles. The banners can be tailored to appear next to articles that relate to the advertised products or services giving the advertiser the ability to target particular markets.
The company says that in its first week online, the site attracted 294 articles from 62 authors spread throughout the UK, South Africa, Thailand, New Zealand, India, Australia, Canada and the USA on topics ranging from politics to head lice, elephants to e-commerce and cigars to environmental activism.
Writers who submit their work to wordarchive.com retain full ownership and control of their intellectual property while earning an ongoing royalty-style payment. They are free to sell the same work to other print or online publications.
The company says the writers that have registered are predominantly professional authors, who have published books or written for leading newspapers.