Subscription service Scribd — the “Netflix for books” — now has 45,000 audiobooks in its library after striking a deal with Penguin Random House Audio. The new titles include popular works by Lena Dunham, John Grisham, and George R. R. Martin. According to Scribd, audiobooks have doubled the time users spend reading on the service. Audiobooks also help bolster Scribd’s catalog, which currently does not include digital books from two major publishers: Penguin Random House and Hachette. Continue reading Scribd Adds 9,000 Audiobooks to E-Book Subscription Service

Oyster recently announced it plans to start offering customers the option to buy select books that may not otherwise be included as a part of the company’s all-you-can-read subscription service. With its new offering, the company hopes to compete with major e-book retailers such as Amazon and Barnes & Noble. Despite having deals with three major publishers, Oyster’s e-book subscription service has been missing key titles from publishing companies such as Random House and Hachette.  Continue reading Oyster Boosts Subscription Service with Digital eBook Store

Scribd customers now have unlimited access to some of the biggest names in comic books. The startup added comic books and graphic novels to its catalog of e-books and audiobooks that subscribers pay to access for $8.99 per month. Scribd currently has more than 100 million subscribers worldwide and over one million e-books, audiobooks and comic books. Marvel, Archie and Valiant are just a few of the comic book publishers that have signed on to offer their titles via Scribd. Continue reading E-Book Subscription Service Scribd Now Includes Comic Books

Amazon announced its new Kindle Unlimited, a $9.99 per month unlimited reading and listening service that provides access to more than 600,000 Kindle books and thousands of audiobooks from Audible. It will be available for the Kindle as well as iOS and Android mobile devices through the Amazon Kindle app. Analysts suggest that the service, which will compete with existing ebook subscription services Scribd and Oyster, could spark as much as $1 billion in growth for Amazon. Continue reading Amazon Announces its Kindle Unlimited, the Netflix for Books

As the book industry struggles with plunging prices and a decrease in demand, some publishers are turning to magazines to save their businesses. At SXSW in Austin this week, San Francisco-based literary startup Plympton launched Rooster, a subscription-only online fiction service. The service is an example of the new alternative in packaging books like magazines. A similar service is Plympton’s Daily Lit, which emails customers five-minute installments of classic literature. Continue reading Online Book Subscriptions Aim to Save the Publishing Industry

The concept of “literary Netflixes” has been gaining momentum in the past few months. Oyster, a book subscription service that launched four months ago, recently raised $14 million to expand. Many members of the publishing industry are cautious about adopting a subscription model for e-books because they believe it could cannibalize sales and devalue books. However, Oyster notes that despite the apprehension, it has been signing publishers and already has a library of more than 100,000 titles. Continue reading Will Books Follow Music and Video with Subscription Model?