Youryum
WEBNOVEL_OFFICIAL Why are we starting the Premium Program BETA?
Having been in the web novel business for 15 years, our company values content creators the most. Our guiding principle at the company’s inception was to ensure that authors can achieve a basic livelihood so that they can focus on creating content. We are glad that we have now worked with as many as six million authors over the years, and just in 2016 alone, the average income of the top ten online literature writers from online literature was 32.3 million RMB, almost twice as much as that of offline publication writers, at 17.3 million RMB. We also value the intellectual property of these authors, and the contracts with our authors require us to share half the profits from other sources with them as royalties.
For the translations of these web novels, we value translators and editors as content creators just like our authors. Without them, we are unable to share these works with the international community. Currently, operations are maintained with advertisements at a loss, and this prevents us from sharing royalties with our authors, translators, and editors. We hope that the Premium Program BETA, similar in spirit to industry best practices but adapted for Webnovel, will ensure the interests of all parties so that the sharing of novel translations can be sustainable.
I hope this answers your question. Also, I'll just overlook how you're addressing me. :) You can tag my name just fine w/o the English honorific 'cause it's wrong anyway. :)