Posted on July 18, 2014 at 12:00 AM by Jeffrey Bruner
Amazon has announced Kindle Unlimited, a "Netflix for Books" program that lets consumers read all they want for $9.99 per month.
Some details from Amazon:
- The 600,000 titles in the program are all from KDP Select, which is the Amazon-exclusive program that gives authors the ability to schedule promotions. At this time, it appears that books available for sale at Barnes & Noble, Kobo, Apple, etc. will not be eligible for Kindle Unlimited.
- Payments for Kindle Unlimited won't be triggered until 10 percent of the book is read, as opposed to when a download happens. So if someone starts browsing your novel and loathes it, you're not going to get paid.
- It looks like the payment amounts will be similar to those under the Kindle Owners Lending Library, which allowed Amazon Prime members to read your book for free.
<p>I am an avid read and a writer. I consume ebooks like I do chocolate. Gotta have it. As a consumer of ebooks I love Kindle Unlimited. My books budget does not take a hit. Since the day KU was offered I have seen borrows outstrip sales. The challenge now is: Will readers get past that first 10% of the interior of the book. Or, will a book of more interest to the reader cause the reader to return my title in favor of another without having so much as glanced at it? On the plus side, the reader can 'borrow' again if another title bumped it. We indie authors won't know if KU is good or perhaps not until royalty statements in November. Meanwhile, I'm just going with the flow. Enjoying every single book I borrowed in KU and ticking return when I'm finished reading it. </p>
<p>Looks like this book club will be a lot</p>