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    Amazon Sets Up $6 Million Royalty Fund for Lending Library Authors →

    Amazon has set up a $6 million annual royalty fund designed to encourage self-published authors and publishers to do two things: Make their work available exclusively in the Kindle Store for the first 90 days it’s published and include their work in the Kindle Owners’ Lending Library

    Before now, independent authors and publishers were not eligible to participate in the Lending Library. Notably, the terms are less favorable for self-publishers: They only receive money if their books are borrowed. Thus far, traditional publishers have been paid simply for including their books in the lending catalog, whether or not those books were then borrowed.

    — 2 years ago with 13 notes
    #amazon  #lending library  #authors  #publishing  #selfpublishing 
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