Amazon is reportedly looking to entice self-published authors to make their ebooks available in the Kindle store and the Kindle Owners' Lending Library, according to paidContent. Amazon is expected to go public with this offer on Thursday, Dec. 1.
Amazon is allegedly offering self-published authors the chance to be paid out of a $500,000 fund for making their ebooks available exclusively for Kindle owners. Traditional publishers participating voluntarily in the Lending Library are reportedly not required to make their books exclusive to Amazon.
It is not yet clear how much Amazon plans to compensate self-published authors for participating, or if the authors would only be paid each time a book is borrowed.