Scribd’s ‘Netflix for Books’ Subscription Model Is Proving to Be Fruitful

Fortune: “Scribd—a vast digital library of documents, books, magazines, audiobooks, comic books, and more—now counts one million paying subscribers and counting worldwide. The San Francisco-based company launched in 2007 as an open publishing platform, with many early members using the platform as a free method to upload and share documents online. By 2013, Scribd launched its digital subscription reading service, expanding in 2015 to include audiobooks and magazines. In 2018, Scribd introduced an unlimited subscription model, which has since grown the paid base by 40% year-over-year. Scribd also boasts that more people are listening to audiobooks on its platform more than ever before, at 100% increase in audio users over the course of 2018. Scribd has also expanded its digital library and padded its subscription service through bundles and test programs with a variety of other digital publishers, such as The New York Times, Waze Audio Player, and…

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