Scribd Enters Increasingly Crowded Ebook Subscription Market

The consumer-facing ebook subscription market is starting to get crowded in the U.S. with the announcement of a new entrant today, Scribd.

The start-up, a digital library that claims to have 80 million readers coming to its site every month, has launched an all-you-can-read ebook subscription service for $8.99 a month. The price point is less than the newly launched mobile ebook platform Oyster ($9.99 a month) and eReatah, which operates more like a book club with plans starting at $16.99 a month.

The catalog of titles is similar, too, with Scribd leaning on the same publishers Oyster is for content, led by HarperCollins, Kensington, Red Wheel/Weiser, Rosetta Books, Sourcebooks, and Workman.

Unlike Oyster, which seems to be the closest competition to this new play, Scribd is available on the iPhone, iPad, Android platform or in browsers.

Read more at Publishers Lunch.

 

[Press Release]
Scribd Launches First Global, Multi-Platform Digital Book Subscription Service
Monthly Plan for $8.99 Offers Unlimited Access to Millions of Books and Written Works, Including Best-Selling and Award-Winning Titles Available to Subscribers on iPhone, iPad, Android Devices, and Web Browsers
All HarperCollins Books Available for Purchase and Majority of Backlist Available via Subscription

Scribd, the world’s largest global, multi-platform digital library of books and other written works, today launched a book subscription service available for a flat-rate plan of $8.99 per month. Scribd’s cloud-based book subscription service allows people to read books on the iPhone, iPad, Android devices and Web browsers.  Scribd’s subscription service has been growing 60 percent each month since launching it in early 2013. Scribd has amassed more than 80 million active users and a global library of more than 40 million books and documents, in 100 countries and 80 languages worldwide. HarperCollins Publishers has signed as the first major publishing partner, making the majority of the HarperCollins US and HarperCollins Christian backlist catalog for Scribd’s digital book subscription service. In addition, the full HarperCollins catalog can be purchased in the Scribd retail store. Scribd features titles from best selling authors including: Paulo Coelho, Neil Gaiman, Marian Keys, and Elmore Leonard from HarperCollins, as well as best selling authors from other publishers including:  E-Reads, Kensington, Red Wheel/Weiser, Rosetta Books, Sourcebooks, and Workman.

“Since starting Scribd six years ago, we have gained a lot of experience building a library of books and written works, growing a global community, and gathering data on what readers and publishers want,” said Trip Adler, CEO and co-founder of Scribd. “Those insights have helped us build a product that we believe delivers on a new and better reading experience by giving our customers instant access to a vast collection of books to read, across a wide array of the top digital devices, all for one low monthly price.  We are thrilled to be working with HarperCollins on such an innovative and pioneering partnership.”

“With 80 million active users, the Scribd platform is reaching a vast global audience of readers.  HarperCollins is excited to reach an innovative partnership with Scribd that monetizes its audience through traditional retail and a subscription offer for our backlist titles,” said Brian Murray, President and CEO, HarperCollins Publishers Worldwide.  “HarperCollins authors will benefit from extended reach, increased discovery, and improved royalty streams.”

“I’m excited to see HarperCollins experimenting with new business models. It demonstrates that they are not afraid to embrace new ways of expanding the reach of their authors,” said Paulo Coelho, author of The Alchemist.

Scribd’s extensive collection of user generated content also offers subscribers additional reading options that enhance and add a social element to the books they’re reading or have read. For example, after reading A Tree Grows in Brooklyn by Betty Smith, readers can access papers analyzing the different characters in the book, a doctorate paper on tenement houses in Brooklyn, and even a study guide for the book. Scribd will also let people easily see what books and documents their friends have read, privacy settings permitting.

ABOUT SCRIBD:
Scribd is the world’s largest global digital library, featuring a book subscription service that gives readers access to millions of books and written works. Launched in 2007 by Trip Adler and Jared Friedman, Scribd also features works contributed by users as well as publishers, doubling in size every year. Backed by Y Combinator, Charles River Ventures, and Redpoint Ventures, Scribd has been profitable for years and continues to be one of the most influential websites in the world with more than 80 million active readers coming to the site every month.

ABOUT HARPERCOLLINS PUBLISHERS :
HarperCollins Publishers, one of the largest English-language publishers in the world, is a subsidiary of News Corp (NASDAQ: NWS, NWSA; ASX: NNC, NNCLV). Headquartered in New York, HarperCollins has publishing groups around the world in the US, UK, Canada, Australia, New Zealand, and India. HarperCollins is a broad-based publisher with strengths in literary and commercial fiction, business books, children’s books, cookbooks, narrative nonfiction, mystery, romance, reference, pop culture, design, health, wellness, and religious and spiritual books. With nearly 200 years of history, HarperCollins has published some of the world’s foremost authors, including winners of the Nobel Prize, the Pulitzer Prize, the National Book Award, the Newbery Medal, and the Caldecott Medal. HarperCollins is consistently at the forefront of innovation, using digital technology to create unique reading experiences and expand the reach of its authors. You can visit HarperCollins Publishers online at: http://www.harpercollins.com

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