Now the e-commerce company is trying to stave off competition from a growing number of e-book upstarts that are cozying up to those very same publishers, as well as to self-publishing authors, with subscription models that distribute the wealth more freely. That's given CEO Jeff Bezos the freedom to flex his muscles when dealing with the traditional publishing industry, evidenced by the running dispute with French publisher Hachette. That program requires authors to restrict the availability of their title to Amazon's Kindle platform for up to 90 days at a time in exchange for higher royalties on e-book sales - sales ostensibly undercut by the availability of these books on Amazon's growing number of e-book lending services.Īmazon by some estimates controls as much as 65 percent of the digital book market. But more than 500,000 of those titles are self-published works through Amazon's Kindle Direct Publishing Select program, according to industry newsletter Publishers Lunch. Kindle Unlimited offers downloads on more than 600,000 e-books, as well as thousands of audiobooks, for $9.99 per month. Amazon's Kindle Unlimited e-book subscription service, unveiled Friday, raised new questions about how much the company pays its army of self-published authors and the methods it uses to do so.
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