toggle

AAPL Stock: 112.92 ( + 3.23 )

Printed from http://www.macnn.com

Kindle Library users borrow 295,000 books in December

updated 11:25 pm EST, Thu January 12, 2012

Lending library grows to 75,000 titles

In November, Amazon launched its Lending Library for Kindle owners. Today the online retailer released statistics illustrating the success of the initiative. For the month of December, the first full month that online lending catalog was available, readers borrowed more than 295,000 e-books.

During the month, the total number of books available for borrowing reached 75,000. Amazon is offering free lending of books to subscribers of its Prime service. Prime costs $79 annually, and in addition to book lending, membership benefits include free shipping of merchandise and free streamed video content.

Although the lending library is technically free, Amazon does compensate the authors who provide the content. On average, Amazon paid writers $1.70 in royalties per borrow. The online retailer is known to regularly offer things below cost to build market share.




by MacNN Staff

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

ZTE Spro 2 Smart Projector

Home theaters are becoming more and more accessible these days, but maybe you've been a bit wary about buying a home projector. And h ...

MSI Geforce GTX 970 100ME

When Nvidia announced a new line of video cards in September 2014, many people thought things would continue to be business as usual i ...

Wren V5US Wireless Sound System

If you're a music fanatic, chances are you are, by extension, a bit fanatical about what you listen to your music on. If you're like ...

toggle

Most Commented