The Kindle Owners' Lending Library Loans Novels Sans Due Dates
Meghan Young — November 7, 2011 — Business
The moment eBook lovers have been waiting for has finally arrived in the form of The Kindle Owners' Lending Library.
Granted, not everyone owns a Kindle, but it signals the dawn of a new age for borrowing books. Not only will people with e-readers enjoy more affordable prices, they will now be able to partake in easy and convenient book borrowing, an activity that has been slowly diminishing with the quiet decline of physical libraries.
In order to enjoy the benefits of the Kindle Owners' Lending Library, owners of this popular eBook reader have to also subscribe to the Amazon Prime service. Like purchased eBooks, the library can be accessed from the Kindle. But unlike purchased eBooks, it can't be accessed from Kindle apps on other devices or PCs. The bright side is that there no due dates with the Kindle Owners' Lending Library.
Granted, not everyone owns a Kindle, but it signals the dawn of a new age for borrowing books. Not only will people with e-readers enjoy more affordable prices, they will now be able to partake in easy and convenient book borrowing, an activity that has been slowly diminishing with the quiet decline of physical libraries.
In order to enjoy the benefits of the Kindle Owners' Lending Library, owners of this popular eBook reader have to also subscribe to the Amazon Prime service. Like purchased eBooks, the library can be accessed from the Kindle. But unlike purchased eBooks, it can't be accessed from Kindle apps on other devices or PCs. The bright side is that there no due dates with the Kindle Owners' Lending Library.
Trend Themes
1. E-library Services - The rise of Kindle Owners' Lending Library has sparked the trend in creating more electronic book borrowing services.
2. Reader Subscription Services - The Kindle Owners' Lending Library is leading the trend towards subscription services for affordable book access.
3. E-reader Monopolies - The emergence of the Kindle Owners' Lending Library story has raised questions about e-reader company monopolies in the market.
Industry Implications
1. E-reader Manufacturing - E-reader companies should consider partnerships that include e-Library subscription services as a way to remain competitive and entrant into the e-library market.
2. Digitized Library Services - Physical libraries and bookstores can adapt to the trend towards electronic reading by developing e-Library subscription services of their own for their clientele.
3. Digital Subscription Services - Similar businesses or industries can model their services after Amazon Prime subscription model for an enhanced user experience that drives down prices and encourages more frequency of use.
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