book club

Now That They Have Audiobooks, CEO Explains Exactly What Scribd Is

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When you think of book subscription services, if you think about them, you probably think of Oyster first, regardless of the fact that Scribd offers nearly the same service. This morning, Scribd finally gave us a reason they might pull ahead in the race to be the “Netflix for Books.”

Scribd has added 30,000 audio books to their book subscription service. Considering both leading book subscription companies have partnerships with Simon & Schuster and HarperCollins, this is the first major play to put Scribd squarely ahead of Oyster in terms of offerings. Read More

The Future of the Ebook

Ebook Prices Cleared to Take a Nose Dive After Judge Approves Settlement

MWAHAHA! (Photo: flickr.com/oreilly)

Good news for cheapskates, bad news for traditional publishing: “Agency pricing,” which many in the book business had hoped would prove a defense against Amazon’s discounting every new book to $9.99, is pretty much finito as of today.

A bit of background: At issue is the agency model, which first came into play when Apple debuted the iPad and began talking to publishers about ebooks. Apple liked the sound of an agency model, where publishers would set the price and and Apple would merely act as agent, taking a cut of the transaction. This looked like a way of finally breaking Amazon’s iron-fisted insistence on charging $9.99 for a standard new release, which would otherwise go for $25.00 in print. Read More