Ebook Subscription Services: Oyster and Scribd Add 10,000+ Titles From Simon & Schuster
A big five publisher, Simon & Schuster, joins HarperCollins in providing titles to two ebook subscription services.
…Simon & Schuster announced that it’s making its entire ebook backlist — over 10,000 titles — available through both Scribd and Oyster. Carolyn Reidy, Simon & Schuster’s CEO, told me that while the publisher originally had “a lot of concerns” about ebook subscription services — including how authors would be paid — “we actually have come to the conclusion that this is an exciting new way to help consumers find and purchase books.”
Read the Complete Article
From the WSJ (via Google Cache):
Until now, the only one of the five major publishers to supply books to either of the services has been HarperCollins Publishers, with the rest of the titles provided by independent firms. Other publishers have held back, worried that subscription services could cannibalize book sales.
The Oyster and Scribd deals are “an experiment, but it’s a serious experiment,” said Carolyn Reidy, chief executive of Simon & Schuster, a unit of CBS Corp.
Steve Jobs by Walter Isaacson
Angela’s Ashes by Frank McCourt
Nineteen Minutes by Jodi Picoult
Angels and Demons by Dan Brown.
Team of Rivals
Proof of Heaven
The Perks of Being a Wallflower
Oyster charges $9.95/month while Scribd charges 8.95/month. A user never has to wait to read a title. All books are available at all times.
See Also: We recently shared some thoughts about ebook subscription services in this infoDOCKET post.
UPDATE: Formal Statement From Simon & Schuster
“Consumers have clearly taken to subscription models for other media, and we expect that our participation in these services will encourage discovery of our books, grow the audience and expand our retail reach for our authors, and create new revenue streams under an author-friendly, advantageous business model for both author and publisher,” said Carolyn Reidy, President and Chief Executive Officer of Simon & Schuster. “We are delighted to work with Scribd and Oyster to offer this exciting new model for readers to find and read eBooks, and to do so in a manner that respects the value of our authors’ creative endeavors and supports our mutual goals of selling the most possible copies of their books.”
About Gary Price
Gary Price (firstname.lastname@example.org) is a librarian, writer, consultant, and frequent conference speaker based in the Washington D.C. metro area. He earned his MLIS degree from Wayne State University in Detroit. Price has won several awards including the SLA Innovations in Technology Award and Alumnus of the Year from the Wayne St. University Library and Information Science Program. From 2006-2009 he was Director of Online Information Services at Ask.com. Gary is also the co-founder of infoDJ an innovation research consultancy supporting corporate product and business model teams with just-in-time fact and insight finding.