Smashwords authors who make their ebooks available through ebook subscription service Oyster will get 60 percent of their book’s list price if an Oyster user reads at least 10 percent of it.
“Netflix for ebooks” Oyster launched on iPad and opened up to everybody Wednesday; previously it had only been available on iPhone. Rival service Scribd also released some stats showing that most of its use is coming from iPad.
I was skeptical that we’d ever see a Netflix for ebooks. Oyster’s launch on Thursday proved me wrong: It offers books that you’ve actually heard of, in a very well-designed app, for $9.95 per month.