Kindle Direct Publishing is excited to share with authors and publishers that the Kindle Owners’ Lending Library (KOLL) is off to a great start! Customers borrowed 295,000 KDP Select titles in December alone, and with the $500,000 December fund, authors and publishers earned $1.70 per borrow.
Enrolled authors and publishers on average received 26% more money in December for their KDP-Select enrolled titles on top of their royalties from paid sales for the same titles. Also, our early results show that paid sales of enrolled titles are growing even faster than other KDP titles.
Because of the popularity of KOLL, fueled by seasonal use of new Kindles, and strong participation in KDP Select to date, KDP is adding a $200,000 bonus to the January fund, raising the total from $500,000 to $700,000. Read the press release for more details.
As a reminder, KDP Select December royalty information will be available on December royalty reports in mid-January. Details on the fund amount can be found by visiting either Bookshelf or KDP Select.
Kindle Direct Publishing encourages all authors and publishers to continue taking advantage of future KDP Select benefits by enrolling more titles. Great way to begin the New Year!