For Amazon, December 2011 will go down as a highlight of the year, with record-topping Kindle sales and now, the successful launch of the Kindle Owners’ Lending Library, which put 295,000 KDP Select e-books into the hands of readers last month.
Amazon released that statistic, as well as information about its Kindle Direct Publishing program, which allows for self-publishing in the Amazon Kindle Store for 70 percent in royalties. KDP authors earned $1.70 per borrow in December.
The company has set up a fund for the authors which it increased by $200,000 this month, to $700,000.
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