Amazon has a new subscription program for books enrolled in KDP Select and U.S. readers called Kindle Unlimited. Books already enrolled in KDP Select are automatically placed in the new program, though authors can opt-out if preferred. Readers pay a $9.99 monthly fee for access to unlimited books (that are enrolled).
From their email;
Today we are excited to introduce Kindle Unlimited-–a new subscription service for readers in the U.S. and a new revenue opportunity for authors enrolled in KDP Select. Customers will be able to read as many books as they want from a library of over 600,000 titles while subscribed to Kindle Unlimited. All books enrolled in KDP Select with U.S. rights will be automatically included in Kindle Unlimited.
KDP Select authors and publishers will earn a share of the KDP Select global fund each time a customer accesses their book from Kindle Unlimited and reads more than 10% of their book-–about the length of reading the free sample available in Kindle books-–as opposed to a payout when the book is simply downloaded. Only the first time a customer reads a book past 10% will be counted. (I’m confused–doesn’t that last sentence seem to contradict the first sentence in the paragraph?)
KDP Select books will also continue to be enrolled in the Kindle Owners’ Lending Library (KOLL) available to Amazon Prime customers in the U.S., U.K., Germany, France, and Japan where authors will continue to earn a share of the KDP Select global fund when their book is borrowed. KOLL borrows will continue to be counted when a book is initially downloaded.
For July, we’ve added $800,000 to the fund, bringing the July fund amount to $2 million.
Learn more about Kindle Unlimited. Visit your Bookshelf to enroll your titles in KDP Select, and click on “Manage Benefits” to get started.
The Kindle Direct Publishing Team
For an indie author, it’s hard to bite the hand that feeds you, but you also notice when a monopoly grows ever stronger. Is this move “ultimately” for a reader’s benefit, the author’s, Amazon’s, some combination or does it benefit everyone? I’d ask some Big 5 publishers, but I have a feeling they’ll decline to respond.
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