Ebook subscriptions are on their way, and I don’t know whether to be happy or terrified. The newest service to let you pay a flat monthly fee for as much as you can read is Scribd, the popular ebook and document sharing site.
Scribd Subscriptions costs $8.99 per month, and you can read as much as you like of books from HarperCollins, the only publisher to be signed up currently. And of course you can also still access books form other publishers which Scribd users have uploaded to the service.
The neatest part of the setup is that you can search for material related to your current book right there in the Scribd app, thanks to the zillions of user-uploaded documents on the Scribd site.
I wonder how things will go for ebook subscriptions. On one hand, it looks great for customers, especially when applied to novels which are typically read only once. On the other hand, it may mean that authors get paid even less than they do already, which will lead to fewer good books in the future.
Source: Scribd Blog