Printed from http://www.electronista.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 Electronista Staff
toggle

Comments

Login Here

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

toggle

Network Headlines

toggle

Most Popular

Advertisement

Recent Reviews

Seagate Wireless

It seems like no matter how much internal storage is included today's mobile devices, we, as users, will always find a way to fill the ...

Lenovo Yoga Tablet 2 (Android, 10.1-inch)

Lenovo is building a bigger name for itself year after year, including its devices expanding beyond desktop computers. The company's l ...

Brother HL-L8250CDN Color Laser Printer

When it comes to selecting a printer, the process is not exactly something most people put a lot of thought into. Printers are often t ...

Advertisement

toggle

Most Commented

 
toggle

Popular News