This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Amazon Announces Kindle Unlimited Subscriptions For eBooks

NEW YORK (TheStreet) -- Amazon (AMZN - Get Report) has announced a new subscription service known as Kindle Unlimited, which allows subscribers to "freely read as much as they want" from the more than 600,000 titles in Kindle's library for $9.99 each month.

The new service, which is not being included in Amazon's $99 a year Prime subscription, is the equivalent of Netflix (NFLX - Get Report) (or Amazon's video service) for movies, TV shows and videos or Spotify for music files. In addition to unlimited access to books Amazon will offer subscribers a number of exclusive reads (it claims hundreds of thousands of books that are only available on Kindle) as well as what they call "short reads" (100 pages or less).

Amazon shares were gaining 0.68% to $354.84 in early trading in New York.

Microsoft Announces Massive Layoff, Cutting 18,000 Workers

Nokia Lumia 635 Review: Microsoft's First Nokia Phone

Out of the box, Kindle Unlimited competes with other ebook lending libraries from Scribd ($8.99/month offering 400,000 titles), Oyster ($9.99/month, 500,000 titles) and Entitled ($9.99, 400,000 titles).

Unlimited users have the option to switch between reading and listening to books by using Amazon's "Whispersync for Voice" feature. Subscribers will also be able to listen to professionally narrated audio books but with a catch - users will have to have a subscription to Audible's audio service to get access to the company's library of more than 2,000 audio titles. Signing-up for Unlimited status gets subscribers a free three-month trial subscription to Audible.

Amazon's Senior Vice President for Kindle, Russ Grandinetti says the news service will be a boon to ebook readers. "With Kindle Unlimited, you won't have to think twice before you try a new author or genre-you can just start reading and listening," Grandinetti said in a press release.

The new service can be used on any of Amazon's Kindle devices and it also works with the free Kindle reading applications for iPhones, iPads, Android tablets and phones, Windows Phones, BlackBerry devices, PCs, Macs and Windows 8 computers.

The new Kindle Unlimited service is available starting today and Amazon is offering free 30-day trials.

-- Written by Gary Krakow in New York.

To submit a news tip, send an email to


Gary Krakow is TheStreet's Senior Technology Correspondent.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AMZN $671.32 -1.83%
NFLX $91.54 -1.69%
AAPL $95.18 1.64%
FB $117.43 -0.96%
GOOG $692.36 -0.84%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs