Andre Yoskowitz
12 Sep 2011 1:37
Amazon is negotiating with publishers to launch a "Netflix-for-books" type service.
Consumers would pay an annual fee to be given access to a large library of e-books.
The talks are still in their early stages, and are said to already be stalling as publishing execs balk. They believe the service could lower the value of books, and strain relationships with retailers that sell print versions.
Amazon wants the catalog to only include older titles, and will be free with an Amazon Prime membership. Amazon Prime costs $79 per year and give users free 2-day shipping on all purchases through Amazon.
The amount of books would be limited per month, and Amazon will pay publishers "a significant amount" to get the deal done.