Amazon unveils new ‘Kindle Unlimited’ e-book subscription service.
Internet retail giant Amazon announced – on July 18, 2014 – a digital subscription service which allows subscribers with unlimited access to a library of e-books and audiobooks for $10 per month. Speculations for such a service were doing the rounds since long. The new service is known as ‘Kindle Unlimited’ and offers a Netflix style.
Subscribers will also get a chance to access 600,000 e-books including the blockbuster series like ‘The Hunger Games’ and ‘Diary of a Wimpy Kid’ and also some non-fiction series like the ‘Flash Boys’ by Michael Lewis.
However, so far none of the five major publishers have announced making their books available through this service.
The announcement of this service comes after tensions between Amazon and major book publishers have flared up in the recent past.
The retailer is also facing a growing scrutiny for its dominance in the e-book market and its tough negotiating tactics with publishers. Hachette and Amazon have been in a long drawn public standoff over the e-book terms which is yet to be resolved.
The news of the Kindle was reported earlier this week when Amazon by accident posted a promotional video of the subscription model, the video was quickly taken down from the website, but by then the tech bloggers had noticed it.
Photo Credits: MNN