The retailer hasn't told us the number of subscribers, but we do know that in August 2015 publishers and authors were paid from a pool worth $11.8 million.
According to the two authors who (quietly) sent me info, Amazon paid authors about $0.0051 per page read. That is down from the $0.0058 that Amazon paid authors in July 2015, with the decline due to the sharp increase in the number of pages read (2.23 billion, up from 2 billion pages read last month).
There is little commentary on the news just yet, but I do have one interesting datum for you: In terms of revenue paid to authors and publishers, Kindle Unlimited is now larger than the Nook Store.
B&N's latest quarterly report revealed last week just how far B&N's ebook empire has fallen. Not only were B&N digital revenues smaller last quarter than they had ever been before, the share paid to authors and publishers were also smaller than the amount Amazon paid out for Kindle Unlimited.
B&N sold $37 million worth of digital content in the May-July fiscal quarter, while Amazon paid $33.6 million to authors and publishers who had in Kindle Unlimited.
It's past time to call it; Kindle Unlimited is one of the world's largest ebook services.
So where do you think KU ranks on the list, before or after Kobo and Google Play Books?
P.S. The previous monthly pools were worth:
- May 2014: $1.2 million
- June 2014: $1.2 million
- July: $2.5 million (Kindle Unlimited launches early in the month)
- August: $4.7 million
- September: $5 million
- October: $5.5 million
- November 2014: $6.5 million
- December 2014: $7.25 million
- January 2015 - $8.5 million
- February 2015: $8 million
- March 2015: $9.3 million
- April 2015: $9.8 million
- May 2015: $10.8 million
- June 2015: $11.3 million
- July 2015: $11.5 million
- August 2015: $11.8 million