Amazon has confirmed that European Kindle owners will now be able to borrow books from the Kindle Owners’ Lending Library once it is launched later in October.
The US version was launched in November of 2011 and allows Amazon Prime subscribers access to a wide range of books available to borrow on their Kindle devices. Subscribers can borrow up 1 book a month but there is no limit on how long this book can be kept on the device. Becoming a prime subscriber in the UK costs £49 each year and you will obviously need a Kindle device, the cost is similar in France and Germany.
Amazon claims that the library has more than 200,000 titles for subscribers to choose from. They come in a wide range with things like local-language ebooks as well as bestsellers like the Harry Potter series.
Publishers and authors will be pleased to hear that the Kindle Direct Publishing Platform will support Kindle Owners’ Lending Library inclusion too. The KDP Select fund – which pays out royalties to the authors for each book borrowed, has been injected with funds to support the predicted increase in demand. In October the fund was dramatically increased from $100,000 to a whopping $700,000 and Amazon say another increase is on the cards for November.