Scribd to Launch Netflix-Style Book Service

by Karl Utermohlen | October 1, 2013 2:08 pm

Scribd to Launch Netflix-Style Book Service

The self-proclaimed world’s largest digital library Scribd is working on creating a Netflix for books.

Los Angeles Times reports that Scribd[1] is attempting to create an online subscription service where readers can enjoy books on their tablets, smartphones and computers. The company has already partnered up with News Corp’s (NWS[2]) HarperCollins and it is currently negotiating with Hachette, Macmillan, Penguin Random House and Simon & Schuster to distribute their books digitally.

The subscription would offer thousands of books published before July 2012 and users would pay $8.99 a month for the service. Scribd’s new service will also offer books from smaller publishers.

Scribd currently offers a service that allows its users to search all types of documents and the company has about 80 million subscribers.

Endnotes:
  1. Los Angeles Times reports that Scribd: http://www.latimes.com/business/technology/la-fi-tn-scribd-in-deal-with-harpercollins-for-subscription-book-service-20131001,0,6589421.story
  2. NWS: http://studio-5.financialcontent.com/investplace/quote?Symbol=NWS

Source URL: http://investorplace.com/2013/10/scribd-to-launch-netflix-style-book-service/
Short URL: http://invstplc.com/1fDlMRG