September 11, 2011

Amazon is looking to become the Netflix of e-books by launching a subscription service to e-books for an annual fee, reports The Wall Street Journal. There are already sites — such as 24Symbols.com and BookSwim.com — working on a similar model but Amazon has the position and power to negotiate with publishers on a far larger scale and put in place a compelling service.” Amazon has told publishers it is considering creating a digital-book library featuring…