Amazon announced the Kindle Owners Lending Library back in early November and since then it appears as if customers have really taken to the service. Of course, while it is interesting to see Amazon release some user stats in terms of the Lending Library we are not all that surprised here. Simply put, people love getting stuff for free and essentially — that is what the Kindle Owners Lending Library does — it allows you to read books on your Kindle without having to shell out any money.
That little bit of thought aside though, according to what Amazon has offered up;
“customers borrowed 295,000 KDP Select titles in December alone, and KDP Select has helped grow total library selection to over 75,000 books.”
And for those who may have missed the original announcement. While the Kindle Owners Lending Library allows Kindle users to read books for free, it actually offers “Prime members with Kindles can now choose from over 75,000 books to borrow for free–including over 100 current and former New York Times Bestsellers–as frequently as a book a month, with no due dates.”
Bottom line here, thanks to the KDP Select fund — users can read books for free and authors can still make money. And sure, these few mentioned by Amazon are probably edge cases, however at least the authors can still make something when people are borrowing and reading their books for free.