And then there were two: Oyster, one of the three best-known eBook subscription services, announced Monday that it plans to shut down. Oyster has been vying with Scribd and Amazon for customers for its Netflix-like plan, which allows readers to borrow as many eBooks as they want for $9.95 a month. Or it did. Now, Oyster’s founders say they plan to “sunset” the service early next year.
It was a short run for Oyster, which launched in September 2013 as a competitor to Scribd. The marketplace got even more complicated in July 2014, when Amazon started offering Kindle Unlimited subscriptions for $9.99 a month. At that point, Oyster began offering titles for purchase outside of its subscription catalog. Continue reading “Oyster, Shucked: More Changes Coming for eBook Subscription Sites”
Last week, authors of romance and erotica titles had more than just the Kindle Unlimited payout changes to worry about. Also, the eBook subscription service Scribd announced it would drop most of its romance titles as fast as a girl who’s offered a better prom date.
Apparently Scribd didn’t realize that romance fans read a lot of books. A lot of books. Any outfit that charges a membership fee – like a gym or, hey, a book subscription service – counts on a percentage of the members dropping out or otherwise not turning up to use the facilities. Those fees help to keep the lights on while not putting any strain on the resources. (So when you bought that two-year gym membership and then quit going after two weeks, you were actually helping other members! How altruistic of you!) Continue reading “Heartbroken: Scribd Cuts Its Romance Inventory”
You can read more about the Smashwords/Scribd agreement on the Smashwords Blog. Additional information is available on the Scribd site.