Publishers Are Lining Up Behind ‘Netflix for Books’ Services. But Why?
On Tuesday, startups Scribd and Oyster both announced partnerships with publishing heavyweight Macmillan to bring over a thousand new titles to their respective e-book subscription services. That means the two startups are now working with majority of the so-called Big Five publishers; both had previously offered books from HarperCollins and Simon & Schuster. The Macmillan partnership grows Scribd's $8.99-a-month a la carte collection to more than 500,000 book titles, in addition to the 30,000 audiobooks available on the service after Scribd added them late last year.