Amazon wants self-published authors to lend their eBooks through Amazon’s Lending Library so much so that they’ve invested $6 million into the project. Today the book retailer announced Kindle Direct Publishing Select, an expanded version of its self-publishing platform that will pay authors whose books perform well in its lending library.
The release explains how it works, “if a KDP author or publisher chooses to make any of their books exclusive to the Kindle Store for at least 90 days, those books are eligible to be included in the Kindle Owners’ Lending Library and can earn a share of the $6 million fund.”
eBookNewser has more: “So how does the $6 million get split up? Montly royalty payment for each KDP Select book is based on ‘that book’s share of the total number of borrows of all participating KDP books in the Kindle Owners’ Lending Library.’ The service launches today, with $500,000 in the fund for the rest of the year.”
Authors who have already enrolled in the service include: J. Carson Black, Gemma Halliday, J.A. Konrath, B.V. Larson, C.J. Lyons, Scott Nicholson, Julie Ortolon, Theresa Ragan, J.R. Rain and Patricia Ryan.
