Kindle Unlimited and KOLL to Pay by Words Read

Here’s the skinny (emphasis added):

Starting next month, the e-commerce giant will pay independent authors based on the number of pages read, rather than the number of times their book has been borrowed.

The move is aimed at authors enrolled in Kindle Direct Publishing platform – which lets authors set list prices, decide rights and edit the book at any time – and is applicable to ebooks made available via the Kindle Unlimited and Kindle Owners’ Lending Library programs. Read the rest here.

Don’t freak out. This applies to lends, not sales.