Monday, September 19, 2011

Amazon.com, Inc.

Amazon to Launch Library Lending for Kindle Books

Customers will be able to borrow Kindle books from over 11,000 local libraries to read on Kindle and free Kindle reading apps

Whispersyncing of notes, highlights and last page read to work for Kindle library books

4 comments:

  1. SEATTLE, Apr 20, 2011 (BUSINESS WIRE) -- (NASDAQ: AMZN)-- Amazon today announced Kindle Library Lending, a new feature launching later this year that will allow Kindle customers to borrow Kindle books from over 11,000 libraries in the United States. Kindle Library Lending will be available for all generations of Kindle devices and free Kindle reading apps.

    "We're excited that millions of Kindle customers will be able to borrow Kindle books from their local libraries," said Jay Marine, Director, Amazon Kindle. "Customers tell us they love Kindle for its Pearl e-ink display that is easy to read even in bright sunlight, up to a month of battery life, and Whispersync technology that synchronizes notes, highlights and last page read between their Kindle and free Kindle apps."

    Customers will be able to check out a Kindle book from their local library and start reading on any Kindle device or free Kindle app for Android, iPad, iPod touch, iPhone, PC, Mac, BlackBerry, or Windows Phone. If a Kindle book is checked out again or that book is purchased from Amazon, all of a customer's annotations and bookmarks will be preserved.

    "We're doing a little something extra here," Marine continued. "Normally, making margin notes in library books is a big no-no. But we're extending our Whispersync technology so that you can highlight and add margin notes to Kindle books you check out from your local library. Your notes will not show up when the next patron checks out the book. But if you check out the book again, or subsequently buy it, your notes will be there just as you left them, perfectly Whispersynced."

    With Kindle Library Lending, customers can take advantage of all of the unique features of Kindle and Kindle books, including:

    Paper-like Pearl electronic-ink display
    No glare even in bright sunlight
    Lighter than a paperback - weighs just 8.5 ounces and holds up to 3,500 books
    Up to one month of battery life with wireless off
    Read everywhere with free Kindle apps for Android, iPad, iPod touch, iPhone, PC, Mac, BlackBerry and Windows Phone
    Whispersync technology wirelessly sync your books, notes, highlights, and last page read across Kindle and free Kindle reading apps
    Real Page Numbers - easily reference passages with page numbers that correspond to actual print editions
    Amazon is working with OverDrive, the leading provider of digital content solutions for over 11,000 public and educational libraries in the United States, to bring a seamless library borrowing experience to Kindle customers. "We are excited to be working with Amazon to offer Kindle Library Lending to the millions of customers who read on Kindle and Kindle apps," said Steve Potash, CEO, OverDrive. "We hear librarians and patrons rave about Kindle, so we are thrilled that we can be part of bringing library books to the unparalleled experience of reading on Kindle."

    Kindle Library Lending will be available later this year for Kindle and free Kindle app users. To learn more about Kindle go to www.amazon.com/kindle.

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  2. About Amazon.com

    Amazon.com, Inc. (NASDAQ: AMZN), a Fortune 500 company based in Seattle, opened on the World Wide Web in July 1995 and today offers Earth's Biggest Selection. Amazon.com, Inc. seeks to be Earth's most customer-centric company, where customers can find and discover anything they might want to buy online, and endeavors to offer its customers the lowest possible prices. Amazon.com and other sellers offer millions of unique new, refurbished and used items in categories such as Books; Movies, Music & Games; Digital Downloads; Electronics & Computers; Home & Garden; Toys, Kids & Baby; Grocery; Apparel, Shoes & Jewelry; Health & Beauty; Sports & Outdoors; and Tools, Auto & Industrial. Amazon Web Services provides Amazon's developer customers with access to in-the-cloud infrastructure services based on Amazon's own back-end technology platform, which developers can use to enable virtually any type of business. Kindle, Kindle 3G and Kindle DX are the revolutionary portable readers that wirelessly download books, magazines, newspapers, blogs and personal documents to a crisp, high-resolution electronic ink display that looks and reads like real paper. Kindle 3G and Kindle DX utilize the same 3G wireless technology as advanced cell phones, so users never need to hunt for a Wi-Fi hotspot. Kindle is the #1 bestselling product across the millions of items sold on Amazon.

    Amazon and its affiliates operate websites, including www.amazon.com, www.amazon.co.uk, www.amazon.de, www.amazon.co.jp, www.amazon.fr, www.amazon.ca, www.amazon.cn, and www.amazon.it. As used herein, "Amazon.com," "we," "our" and similar terms include Amazon.com, Inc., and its subsidiaries, unless the context indicates otherwise.

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  3. Forward-Looking Statements

    This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results may differ significantly from management's expectations. These forward-looking statements involve risks and uncertainties that include, among others, risks related to competition, management of growth, new products, services and technologies, potential fluctuations in operating results, international expansion, outcomes of legal proceedings and claims, fulfillment center optimization, seasonality, commercial agreements, acquisitions and strategic transactions, foreign exchange rates, system interruption, inventory, government regulation and taxation, payments and fraud. More information about factors that potentially could affect Amazon.com's financial results is included in Amazon.com's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent filings.

    SOURCE: Amazon.com, Inc.

    Amazon.com, Inc.
    Media Hotline, 206-266-7180
    www.amazon.com/pr

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  4. Amazon will know exactly how many Kindle owners are library borrowers. This is huge information as we advance in the evolution of ebooks. Libraries should have access to these numbers. Amazon won’t even confirm the exact number of Kindles they’ve sold. Yes OverDrive should be able to tell us numbers and percentages for how many of our borrowers are Kindle owners. But what I would really like to know is how many Kindle owners also borrow from their public library.

    Amazon will know exactly what percentage of library checkouts lead to purchase. We know that borrowing books from a library doesn’t hurt sales, and in fact it improves them. There has been research. But now Amazon will have the cold hard numbers that show what percentage of people borrow a book from the library then buy it from Amazon. They might even know if you borrowed an ebook then bought a print copy. This is so important as we (and Amazon) move forward in negotiating our place in the ebook world.

    Amazon is going to have access to a LOT of stats about library user habits, both borrowing and buying. These are just two examples. This is very valuable information as we advance with the development of ebooks, and the role libraries play. This is information libraries need and should have. While I am thrilled personally that I’ll be able to use library ebooks on my Kindle, and professionally that I’ll no longer have to tell Kindle owners that they can’t borrow ebooks from the library because Amazon doesn’t allow it, I can’t help be concerned that in the end we have made an very uneven trade.

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