Washington: Amazon has introduced a lending library service to allow Kindle e-reader users to borrow e-books in the United States.
Kindle owners with the Prime membership said that the program will be limited and use can choose from thousands of books to borrow for free on a Kindle device, including more than 100 current and former New York Times bestsellers, as frequently as a book a month, the company said.
There are no due dates for returning digital books, but it seems that loans are limited to one book a time and once a month.
Amazon has reached an agreement with publishers to include titles for a fixed fee. “Amazon is purchasing a title each time it is borrowed by a reader under standard wholesale terms as a no-risk trial to demonstrate to publishers the incremental growth and revenue opportunity that this new service presents,” it said.
None of the six largest publishers in the U.S. is participating. Several senior publishing executives said recently they were concerned that a digital-lending program of the sort contemplated by Amazon would harm future sales of their older titles or damage ties to other book retailers.
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