E-books are getting the Spotify subscription model.
Books have long been the last holdout as music, movies, games and even TV shows and magazines have embraced the subscription model. Pay a single monthly fee and you can gorge on all the content you can cram into your eyes and ears. But on Tuesday, Tim Waterstone, the founder of the UK bookstore Waterstones, announced Read Petite, a subscription streaming service for short fiction. It’s a baby step toward a new model that could shake up an industry that has seen traditional books losing ground to e-books, which comprised 22.5 percent of the book market in 2012.
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