News Summary: Scribd writing new plot for e-books

News Summary: Scribd, HarperCollins join forces to woo book lovers with subscription service

Associated Press

ALL YOU CAN READ: Online document-sharing site Scribd is launching a subscription service that will provide unlimited access to thousands of books from HarperCollins for $9 per month. The library will include most HarperCollins books published before July 2012.

OPENING CHAPTER: HarperCollins is the first of the five major U.S. book publishers to join forces with Scribd in its attempt to create a new distribution channel for digital fiction. Scribd still hopes to enlist HarperCollins' main rivals, Hachette, Simon & Schuster, Macmillan, and Penguin Random House.

FAMILIAR SCRIPT: Scribd is taking a page from the success story of Netflix Inc.'s Internet video service, which as 37 million subscribers.

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