Amazon Is Testing a $10-Per-Month Ebook Service

Posted by Unknown on Wednesday July 16, 2014 @04:04AM from the what-is-a-library dept.

Nate the greatest (2261802) writes "Details are still scarce but it looks like Amazon is going to be launching a competitor to Scribd and Oyster. Earlier today new pages leaked on the Amazon website which mentioned Kindle Unlimited, a new subscription ebook service. The pages were quickly removed, but not before we got some screenshots. If the screenshots are to be believed Kindle Unlimited is going to offer a catalog of over 600,000 titles for $9.99 a month. The news hasn't been confirmed by Amazon but those pages were seen by a number of authors and bloggers, including indie authors who confirmed that the new service is mentioned in their sales reports."

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yeah it is a good thing for me (as an author) by netsavior · 2014-07-16 04:40 · Score: 5, Interesting

My DRM-free, Amazon hosted and sold ebooks already net me more revenue via "Kindle Lending Library" (where customers may pick one "free" book per month if they are prime and kindle customers) than they do via sales.

The way the lending library works is they fund it every month, then they divide it up based on how often your book was checked out. I assume the ebook service would be similar, but better funded.