If the pot stays at its current size ($25.6 million per month) for the rest of 2019, Amazon will pay out $299.4 M to authors this year. In July 2014 with the introduction of KU, the Global Fund increased to $2.4 M, and over the next year as more readers signed up for KU and more authors enrolled in KDP Select, that Global Fund increased to $11.5 M by July 2015, and today sits right around $25 M.Ī whopping $267.9 M was paid out to authors through the KDP Select Global Fund in 2018. In the days prior to KU, the Global Fund totaled around $1 million, and was divided proportionally amongst the authors who had their books downloaded. Authors who enrolled their eBooks in KDP (Kindle Direct Publishing) Select prior to the launch of KU could have their books downloaded for free by Kindle owners who were allotted one free eBook per month through the Kindle Owners Lending Library. Since the inception of KDP Select, there has always been a KDP Select Global Fund, which is a pot of money that goes to authors whose books are downloaded for free through Amazon’s eBook programs. In this article we explore how KU has evolved over the past 5 years and its current impact on authors. By offering their work for free to subscribers, they were potentially lowering the revenue that an author or publisher could make from each book. Kindle Unlimited was doing to independent authors what Spotify did to musicians. The reception by readers was mostly positive, finally a Netflix for Books! The reaction from authors and publishers was mixed. Kindle Unlimited (KU), a subscription service through Amazon that allowed readers unlimited access to books for just $10 a month, was unveiled by Amazon in July 2014.
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