Nate the greatest (2261802) writes "Amazon just announced a $6 million pool of money that it plans to pay authors. All you have to do to get a share of the loot is commit to sell your ebook exclusively through the Kindle Store and agree to let your ebook be lent to Kindle Prime members. Amazon has already signed up a number of authors, including 31 of the top 50 self-published ones (J. Carson Black, Gemma Halliday, J.A. Konrath, B.V. Larson, C.J. Lyons, Scott Nicholson, Julie Ortolon, Theresa Ragan, J.R. Rain, Patricia Ryan, and more).
It looks like Amazon launched this to support the Kindle Owners' Lending Library that Amazon launched just over a month ago. When it launched it had around 5 thousand titles as well as some less than voluntary participants.
But there's a catch. Authors are required to give Amazon an exclusive on any title in the program. That means they're giving up the rest of the ebook market. Would any authors care to weigh in on the deal?"
Link to Original Source