In my previous post I discussed how eBook subscription services such as Oyster and 24symbols are receiving a lot of attention with their promise of becoming the “Spotify for eBooks”. But publishers are getting in on the act as well, with a number of niche publishers in particular offering discounted access to their list of titles to subscriber members.
The book publishing industry has been riding a rising wave of digital disruption for a number of years now, and the previously accepted revenue stream from Reader – Bookshop – Publisher – Author is now being completely restructured. New entrants to the book trade, including tech start-ups, online retailers and self-publishing services, not to mention Amazon, Google and Apple, are rapidly changing how readers consume books and where they go to discover and buy them. Publishers (and authors and retailers) who want to stay relevant in the changing marketplace need to innovate in two directions, summed up nicely by Chris McVeigh on Future Book: