Amazon announced new publishing options for independent authors through an initiative called KDP Select. KDP (Kindle Direct Publishing) is Amazon's self-publishing service for authors and publishers; with KDP Select, KDP authors that choose to make their books exclusive to the Kindle Store for at least 90 days are eligible to earn a share of a $6 million annual fund dedicated to self-publishers. Books published with this option are also eligible for inclusion in the Kindle Owner's Lending Library.
Authors can enroll in KDP Select by making a single book or multiple titles exclusively available through the Kindle Store. The monthly royalty payment for each book is based on its total number of borrows from the Kindle Owners' Lending Library as compared with the number of borrows of other KDP books. This month's fund allotment is $500,000. Authors participating in KDP Select will continue to earn regular royalties through the Kindle Store. Amazon offers KDP authors options for 35% royalty or 70% royalty programs.