Last night, Amazon introduced their Kindle Owner’s Lending Library. This morning there is an announcement about it on Amazon’s front page. The Kindle Owner’s Lending Library is a new Kindle feature only for Amazon Prime Members. It is initially launching with about 5000 books (according to the Wall Street Journal article). Kindle owners (with Prime) can borrow one book a month for free, keep it as long as you like (all users one the account can read the book) and then return the book and get another one.
I have not looked deeply into the list of books, but there are mixed reviews about what is available. There are some new books and some popular books, but many of the books are backlist, previously free titles and Amazon Encore (Amazon’s own publishing arm) books. This is not surprising, they are going to be free books and publishers are not often fond of giving away books. But since you can only borrow 12 books a year, there will likely be enough books for most people to find a book a month. You will also be able to access your notes and highlights after you finish borrowing the book and if you later purchase the book the highlights and notes will be available in the book.