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January 12, 2012 07:23 pm GMT

Amazon Kindle Owners Are Borrowing Nearly 300,000 Electronic Books A Month

kdpselectAmazon is releasing new data on its Kindle Lending Library, which the e-commerce site says now has over 75,000 books. The Kindle Owners Lending Library is a collection of books that Amazon Prime members who own a kindle can borrow once a month, with no due dates.Amazonrecently launched KDP Select, a fund that lets indie authors and publishers make money off of lending. Basically, if a KDP author or publisher chooses to make any of their books exclusive to the Kindle Store for at least 90 days, those books are eligible to be included in the Kindle Owners Lending Library and can earn a share of the KDP Select fund.

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