Amazon launches Kindle lending library

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Amazon launches Kindle lending library

Nov 03 2011 has launched the Kindle Owners' Lending Library for e-books for customers who have an Amazon Prime membership (costing $79 a year). Kindle owners can borrow one book a month, with about 5000 titles to choose from. The program only works on Kindles, not devices with Kindle apps.

According to the Wall Street Journal, none of the six major US publishers are participating at the moment because they have said that such lending programs "would harm future sales of their older titles or damage ties to other book retailers."

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