Amazon is planning a eBook rental service where users can access a digital library of book by paying a fixed monthly fee. The service is being labeled as ‘A Netflix for books’. Amazon had earned big with Kindle – its bestselling eBook reader. This new rental service is a brilliant idea on part of Amazon and will allow it to capitalize even more on its home product, Kindle. There arent many details about the project, but there is news that the library would primarily contain older works, with restrictions on how many books a user can access each month. Amazon will reportedly offer book publishers a substantial fee for their involvement in the program. In February, Amazon launched a subscription based video-streaming service as part of Amazon Prime, setting itself up to be a serious rival to Netflix. It also launched a subsidized version of Kindle in May. The retail giant has seen a 51% jump in revenues for Q2 2011 and the fastest growth in a decade. It is also planning to launch a 7-inch tablet soon. Amazon has quite successfully shattered its image of being just an online store. Slowly, but steadily the company has increased it control over the tech world Souce: NextWeb Image : RoundAroundTech
