Amazon introduces lending library for Kindles

Nov 03, 2011 By PETER SVENSSON , AP Technology Writer

(AP) -- Amazon.com Inc. said Thursday that it is starting a lending library for Kindle owners, letting them borrow one electronic book per month.

Borrowers have to subscribe to Amazon's Prime service, which provides free two-day shipping and streaming movies for $79 per year.

The books can't be read on phones, PCs or , even though there are Kindle apps for these devices. That restriction is reminiscent of Amazon's strategy of a few years ago, when the company restricted purchased books to being read on Kindles to drive sales of the e-reader devices.

Amazon says it's paying publishers for the right to lend the books, usually for a fixed fee. In some cases, it's paying the wholesale price every time a book is checked out. Amazon says the library has thousands of books, including current bestsellers such as Suzanne Collins' "The Hunger Games" trilogy.

"With this launch, we expect three immediate results: Kindle owners will read even more, publisher revenues will grow, and authors will see larger royalty checks," Russ Grandinetti, vice president of Kindle content, said in a statement.

Kindle users recently got access to electronic from public libraries as well. Those can be read in the Kindle apps.

Explore further: GoPro to sell smaller camera

0 shares

Related Stories

Audio books added to Kindle downloads

Mar 24, 2011

Amazon.com on Thursday added books read aloud by celebrities, authors and others to the library of works that can be wirelessly downloaded to the latest generation Kindle electronic readers.

Recommended for you

Drone postal deliveries begin in Switzerland

1 hour ago

Wondering where your package is? Look up! Switzerland's postal service said Tuesday it had begun testing parcel deliveries by unmanned drones, although widespread use of the flying postmen is not likely to kick in for another ...

The future of artificial intelligence

2 hours ago

Only a few years ago, it would have seemed improbable to assume that a piece of technology could quickly and accurately understand most of what you say – let alone translate it into another language.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.