Posts Tagged ‘lending’
You could state Penguin has actually had a rocky relationship with collections. That looks to be on the tentative mend, as the publisher and 3M have actually together cut deals with the Brooklyn Public Library and New York Public Collection to deliver Penguin’s e-book catalog back as part of an exam program. Under the terms of the one-year venture, the libraries will certainly pay retail-level prices once a year to keep any type of provided e-book available, no matter exactly how many times it’s practically borrowed by residents in the boroughs. The book publisher is taking a page from its delay-happy film market pals when it pertains to brand-new releases, though: fresh titles won’t appear at the library until they’re six months out from 1st sale. You won’t be checking out the current Clive Cussler novel without delay, then, and 3M’s lack of pertinent formatting means no Kindle borrowing just yet. Also so, it’s excellent to recognize that we’ll quickly have no problem borrowing Penguin’s edition of The Mayor of Casterbridge without needing to hop on the subway initially.
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Almost a year after it was first announced 3M’s Cloud Library e-book lending service is getting a proper rollout. Introduced today at a beta site in St. Paul, the system is now ready for its kiosks, e-readers and apps to hit the hands and eyes of library patrons. The touch-based Discovery Terminals allow catalog browsing for visitors and selections can be checked out — along with 3M’s eReaders — like other library materials. Already have a mobile device? E-books will play nicely with your iPad, Nook or Android device via the Cloud Library app. If you find yourself needing to read a bit on your computer, checked out items are compatible with both PCs and Macs as well. “With this technology, we are able to offer cutting-edge technology to all our patrons, whether they own their own e-reader or not,” said Kit Hadley, director of the Saint Paul Public Library. A handful of other library systems across the US have also implemented the service. The list of those sites and all details on the introductory period await your click in the PR below.
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You can always count on people’s desire to avoid paying for stuff. That’s why it shouldn’t come as any surprise that Amazon’s Lending Library is such a success. The free perk available to Prime customers who also happen to be Kindle owners launched in November with just 5,000 books available. Since then the library has expanded to over 75,000 titles with over 295,000 people borrowing an independently published KDP e-tome in December alone. To celebrate Amazon is adding another $ 200,000 to the pool available to Direct Publishing authors, pushing the grand total to $ 700,000. To read the entire self-congratulatory PR continue on after the break.
Amazon this morning announced that it has set up a $ 6 million annual fund dedicated to independent authors and publishers. Dubbed KDP Select, the fund aims to let indie authors and publishers “make money in a whole new way”.
Here’s how it works: 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.
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.
Amazon says it expects the fund to be at least $ 6 million for all of 2012, but has also already allocated $ 500,000 for December 2011 (the new option is available starting today).
Under the terms of the program, independent authors and publishers can enroll anything from a single, self-published book or their entire catalog (if applicable).
From the press release:
The monthly royalty payment for each KDP Select book is based on that book’s share of the total number of borrows of all participating KDP books in the Kindle Owners’ Lending Library.
For example, if total borrows of all participating KDP Select books are 100,000 in December and an author’s book was borrowed 1,500 times, they will earn $ 7,500 in additional royalties from KDP Select in December.
Enrolled titles will remain available for sale to any customer in the Kindle Store and authors will continue to earn their regular royalties on those sales, Amazon adds.
NOOK for Android first to support ebook lending
Barnes & Noble is making a branding change to its ereader application currently known as the BN eReader. The company is taking a page from Amazonâ€™s playbook and extending the NOOK brand, which has been used solely for the companyâ€™s ereader hardware, to also include the bookstoreâ€™s ereader application which has versions available for the [...]