Amazon has launched a digital book lending library which, as you might imagine, isn’t making the big 6 NY book publishers too happy. The program is called Kindle Owners’ Lending Library. None of the big 6 is participating because they fear a loss in sales, especially from their back lists (ie.e older titles). Only 5000 titles are available at this time, and only to the subscribers of the Amazon Prime program who are also Kindle owners.
Wonder what this’ll mean for indie publishers and the self-published.
Amazon’s gone and done it – it has announced that its New York imprint has bought print and digital rights to bestselling self-help author Timothy Ferriss’s next book. This is good news for authors because it moves them a step closer to the retail end by cutting out the middleman.
Click here for the entire article from The Guardian.