“Amazon.com, Inc. (NASDAQ:AMZN) today announced that it has reached an agreement to acquire Goodreads, a leading site for readers and book recommendations that helps people find and share books they love. “Amazon and Goodreads share a passion for reinventing reading,” said Russ Grandinetti, Amazon Vice President, Kindle Content. “Goodreads has helped change how we discover and discuss books and, with Kindle, Amazon has helped expand reading around the world. In addition, both Amazon and Goodreads have helped thousands of authors reach a wider audience and make a better living at their craft. Together we intend to build many new ways to delight readers and authors alike.”(via Amazon)
“Amazon.com, Inc. today announced that the Kindle Owners’ Lending Library is coming to the UK, Germany and France later this month, bringing Kindle owners with a Prime membership over 200,000 books to borrow for free as frequently as a book a month, with no due dates. Independent authors and publishers using Kindle Direct Publishing (KDP) who enroll their books in KDP Select can be included in the Kindle Owners’ Lending Library in the UK, Germany and France, as well as the US. With the new lending libraries launching this month, the KDP Select fund has been increased by $100,000 to $700,000 in October, with a larger increase anticipated in November. Authors will earn money every time their book is borrowed from any of the lending libraries – in September, authors earned $2.29 per borrow, which is more than many KDP books earn per sale.”
via Press Release
Press Release – “The Kindle Owners’ Lending Library continues to grow rapidly, now offering more than 100,000 books that Amazon Prime members with Kindles can borrow for free—including over 100 New York Times Best Sellers like The Hunger Games trilogy—as frequently as a book a month, with no due dates. “Kindle Owners’ Lending Library continues to grow rapidly – with over 100,000 titles, customers can choose to borrow a variety of breakout, best-selling titles for free, including ‘Nobody’ by Creston Mapes, ‘The Walk’ by Lee Goldberg and ‘Abducted’ by Theresa Ragan, as well as Kindle Singles from best-selling authors Andy Borowitz, Karin Slaughter and Mishka Shubaly,” said Russ Grandinetti, Vice President of Kindle Content. “It’s also become a meaningful way to grow royalties for authors like Patricia Hester, who sold less than 200 books in 2011 prior to joining KDP Select and has now earned over $36,000 from KDP Select in one month as readers have discovered her books through this service.”
PaidContent – “Amazon (NSDQ: AMZN) Publishing is launching a new series, “Book Lust Rediscoveries,” curated by librarian and NPR commentator Nancy Pearl. Pearl will select a handful of out-of-print books each year to be republished by Amazon in print and digital formats.”
NYT – “California, with a colossal hole in its budget and 12 percent unemployment, is confronting this quandary as it tries to compel Amazon.com to collect sales tax. Amazon is so confident that bargain-hunting consumers will rally to its side that it is essentially ignoring the law. Maybe they will. But as the battle between the state and the retailer was heating up late last week, news came that Serendipity Books in Berkeley was closing. Antiquarian stores like Serendipity were once plentiful. They specialized in winnowing the detritus of the past, plucking the important material for collectors, scholars and institutions. Serendipity was for decades one of the best such shops, and eventually one of the last. In the years to come, people will have a hard time appreciating there were such places, where anyone who wanted to could look and learn and buy, or maybe just while away a rainy afternoon. So let’s spend a moment giving Serendipity its due.”
ebookNewser – “Twitter is a buzz Sunday night with the news that Amazon had added social networking features to the Kindle support site at kindle.amazon.com. Kindle users can now create a profile page, follow other Kindle users, share details about their reading habits, and so on. I’m not sure that this qualifies as news, other than the fact it happened so quietly. The new features appear to have been launched quite some time ago; there are some users with hundreds if not thousands of followers.”
Bloomberg – “Sony Corp. (SNE), Japan’s largest exporter of consumer electronics, plans to introduce a line of upgraded digital book readers in the U.S. as early as next month to challenge Kindle maker Amazon.com Inc. (AMZN) The current Sony Reader, now priced from $180 to $300, will probably be offered with hardware and software improvements in August, Phil Lubell, vice president of digital reading at Sony Electronics, said yesterday in an interview in San Francisco.”
AP – “Amazon says its Kindle e-reader will get the ability to load e-books from 11,000 U.S. public libraries later this year. Most U.S. libraries already provide e-books, which work with nearly all e-readers except the Kindle. They’re also accessible on many smartphones and tablets like the iPad.”
NYT – “Amazon’s announcement that it will start selling an advertising-supported Kindle at a discounted price has provoked some grumbling about the commercialization of the reading experience.
But books haven’t always been an ad-free zone, as this 2007 essay by Paul Collins from the Book Review shows. Back in the mid-19th century, readers of Dickens serials were bombarded with paeans to Freeman’s Spermazine Wax Lights and Dr. Lucock’s Pulmonic Wafers. And in the 1960s and 1970s, you could hardly open a mass-market paperback without encountering a pitch for Q-Tips, Sanka or Canadian Club.
BusinessWire – “Amazon.com, Inc. today announced that customers who subscribe to The New York Times for Kindle will be receiving access to The New York Times Web site at no additional charge. The date for Kindle New York Times subscribers’ free online access is yet undetermined; subscribers will receive further communication via e-mail in the coming weeks. “Customers love reading The New York Times on their Kindles,” said Russ Grandinetti, Vice President of Kindle Content. “Given The Times’ transition to a digital subscription model, we’re excited to be able to offer Kindle subscribers online access to all the digital content available at NYTimes.com at no additional cost.”