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Old 01-17-2012, 03:40 PM   #4
tubemonkey
monkey on the fringe
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Quote:
Originally Posted by DreamWriter View Post
I wouldn't subscribe, but that's an interesting idea. It would entice even more indie authors to go Amazon-exclusive and join KDP Select, which is how their ebooks are available for borrowing through Kindle Owners' Lending Library. KDP Select authors are paid for each borrowed book (December's royalty was $1.70 per borrow). If borrowing would be allowed more frequently than once a month, that would increase the odds that an author's book would be borrowed!
With the Big Six acting the way they are (severe library restrictions and agency pricing), indie authors are starting to get a major bump in visibility.

Here's an article on the relationship between KDP Select and the Kindle Owners' Lending Library.

Quote:
Amazonís Kindle lending library now contains over 75,000 titles, and the company is reporting that customers borrowed 295,000 titles in December. In addition, self-published authors and independent publishers who make their titles available to the lending library have earned $1.70 per borrow.

Amazon maintains a pool of money to reward this group of authors and publishers who use the Kindle Direct Publishing (KDP) program and also participate in the lending library. The company has deepened the pool (called the KDP Select fund) from $500,000 in December to $700,000 in January.
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