Subscription based content services such as Audible, Amazon Prime, and even Spotify have managed to create an entirely new market segment in the past few years, and it appears that there is even more market share to be gained. Scribd, a website famous for embedded document sharing has just released a new subscription based eBook service that could spell trouble for Amazon.
Scribd has just launched a new app that will allow users to read thousands of eBooks for the low monthly price of $8.99, a pricing point much lower than Amazon's Prime service. At the moment, content is listed to the library owned by HarperCollins as well as independent releases from emerging and established authors alike. The company has published apps to both iOS and Android, and those who like reading from their computer can use the company's existing web interface.