Simon & Schuster has signed a deal with e-bookseller Scribd. Scribd's e-books are readable on just about every device except the Kindle. Some are wondering if this is the first step in a move by Simon & Schuster to pull their books, including books by hyper-popular authors like Stephen King and Dan Brown, from Amazon's device.
Amazon's format is proprietary — it doesn't move to other e-readers (Scribd's does) — and Amazon maintains control over prices and the percentage of profits publishers will take away. The online bookseller reportedly shares only about half of the profits with publishers — while Scribd will keep just 20%.
A spokesperson for Simon & Schuster denied that they want to take the books off the Kindle, saying that they wanted their books on all platforms. But this certainly gives them leverage against Amazon that they certainly didn't have, say, last week.
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