Just a year after launching, Amazon told KDP authors on Monday that as of July they will completely change the payment formula for the monthly pool of funds distributed to authors whose works are borrowed through Kindle Unlimited and Kindle Owners Lending Library. Going forward the fund will be “paid out based on the number of pages KU and KOLL customers read” rather than “based on qualified borrows.” Amazon says, “We think this is a solid step forward and better aligns the interests of readers and authors. Our goal, as always, is to build a service that rewards authors for […]
