Scribd Obtains Social Reading
July 22, 2015
Access to books and other literary material has reached an unprecedented high. People can download and read millions of books with a few simple clicks. Handheld ebook readers are curtailing the sales of printed book, but they also are increasing sales of digital books. One of the good things about ebooks is bibliophiles do not have to drive to a bookstore or get waitlisted on the library. Writers also can directly sell their material to readers and potentially by pass having to pay agents and publishers.
It occurred to someone that bibliophiles would love to have instant access to a huge library of books, similar to how Netflix offers its customers an unending video library. There is one and it is called Scribed. Scribd is described as the Netflix of books, because for a simple $8.99 bibliophiles can read and download as many books as they wish.
The digital landscape is still being tested by book platforms and Scribd has increased its offerings. VentureBeat reports Scribd’s newest business move in: “Scribd Buys Social Reading App Librify.” Librify is a social media reading app, offering users the opportunity to connect with friends and sharing their reading experiences. It is advertised as a great app for book clubs.
“In a sparse press release, Scribd argues Librify’s “focus on the social reading experience” made the deal worthwhile. The news arrives at a heated time for the publishing industry, as Amazon, Oyster, and others all fight to be the definitive Netflix for books — all while hawking remarkably similar products.”
Netflix has its own rivals: Hulu, Amazon Prime, Vimeo, and YouTube, but it offers something different by creating new and original shows. Scribd might be following a similar business move, by offering an original service its rivals do not have. Will it also offer Scribd only books?
Whitney Grace, July 22, 2015
Sponsored by ArnoldIT.com, publisher of the CyberOSINT monograph
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