Kindle Owners’ Lending Library reaches 100K books
February 29, 2012 | 9:52 am
By Paul Biba
From the press release:
The Kindle Owners’ Lending Library continues to grow rapidly, now offering more than 100,000 books that Amazon Prime members with Kindles can borrow for free—including over 100 New York Times Best Sellers like The Hunger Games trilogy—as frequently as a book a month, with no due dates.
“Kindle Owners’ Lending Library continues to grow rapidly – with over 100,000 titles, customers can choose to borrow a variety of breakout, best-selling titles for free, including ‘Nobody’ by Creston Mapes, ‘The Walk’ by Lee Goldberg and ‘Abducted’ by Theresa Ragan, as well as Kindle Singles from best-selling authorsAndy Borowitz, Karin Slaughter and Mishka Shubaly,” said Russ Grandinetti, Vice President of Kindle Content. “It’s also become a meaningful way to grow royalties for authors like Patricia Hester, who sold less than 200 books in 2011 prior to joining KDP Select and has now earned over $36,000 from KDP Select in one month as readers have discovered her books through this service.”
Recent milestones for the Kindle Owners’ Lending Library include:
- Since launching the Kindle Owners’ Lending Library in November 2011, selection has grown by over 20 times.
- More than a third of the Top 20 Kindle Best Sellers in February are enrolled in the library and available to borrow for free.
- More Amazon customers are reading independently-published books, with over 1 million KDP Select books borrowed through the Kindle Owners’Lending Library since the program launched for indie authors in December.
- KDP authors participating in the Kindle Owners’ Lending Library have earned $1.8 million from the KDP Select fund so far, which is an incremental 24% on top of their royalties from paid sales.