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Amazon to Launch Subscription E-book Service

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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 older titles, people familiar with the ...

 

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Kathy McCabe

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