July 18 2014 Editor Assistance Newsletter
Amazon is rolling out their Kindle Unlimited which means it’s suddenly a huge advantage to be in KDP Select. This might be a time to – at least temporarily – pull your ebooks from other platforms and get in this pool of ebooks while it’s fairly small (amusing that 600,000 books is a small pool). Things may change in a few months as they alter their offerings and authors react to this new information – but that’s the nature of our world. The world of publishing changes every single month, and we keep our eyes on it to see how to manage it best.
Judging how people love Prime and the lots-of-videos aspect of it, I can see readers thinking this is awesome. We’ll see!
I'm attaching the message in case you don't get these.
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.
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
Let me know if you have any questions!
Lisa Shea, owner
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