Scribd started out as a site where anyone could upload and share any kind of content – from legal documents to sheet music to historical documents. It calls itself the world’s largest digital library.
The site, launched in 2007, last year made a major shift in its business model. Scribd started offering subscriptions to read bestsellers and other books from major publishing houses, in eBook form. An $8.99 per month subscription lets you read an unlimited number of digital books. Scribd has been called the “Netflix of books” for its subscription approach, and CEO Trip Adler is quoted in an AP article as saying he believes eventually the company can get to $1 billion in annual subscription revenue.
Scribd: 400,000 Books on Monthly Ebook Subscription Service
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