Revealing look at dynamics of netflix-for-books models. Scribd pulls romance genre because people read oto much.
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Apparently what will work for Scribd/Oyster/Amazon-KU is high word-count books that people abandon at <10%. So Piketty-like books basically.
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Charge ~9.99/mo from subscribers, go after people who browse <10 books/mo at <10%, drop books with high read-through.
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While I feel sorry for romance authors, it makes sense. New model does not favor addictive reading available of commodity supplied genres
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I think we'll end up with segmented bundling models ($9.99 basic, +$5 for romance channel etc.)
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