Scribd launches online book market

As reported on FT.com today, Scribd, a digital document sharing service, has launched an online retail market for books and documents today. An excerpt from their press release states:
Scribd’s library of free original documents to include for-purchase works, many of which are new, exclusive or hard-to-find anywhere else on the Internet. In a radical departure from industry norms, the Scribd Store offers a generous revenue sharing agreement that gives sellers 80% of revenue. Prices are set by the seller and currently range from $1 for a graphic novel panel to $5,000 for an in-depth China market research report.  . . .

The company will soon launch an iPhone application to give readers and buyers access to documents across multiple platforms; the mobile-optimized version of Scribd.com is already very popular. At launch, the beta version of Scribd Store will be open to buyers and sellers in the United States, with international launches to follow. . . .

With Scribd Store’s flexible pricing, publishers have complete control over price and packaging. Sellers can specify selling whole documents, a chapter or an exact selection of pages, or in instalments. They can also choose whether to serialize their books for $1.00/chapter; now, instead of having to purchase a country guide travelers can buy a standalone city chapter from Lonely Planet. Documents can be read on Scribd.com, downloaded to a PC, printed, or made accessible through web-enabled mobile phones. . . .

Sellers on Scribd Store must own the digital rights to the works they wish to sell and provide detailed information about their ownership of those works in order to sell their works through Scribd Store. Sellers can also easily manage their digital rights—choosing viewing/reading options such as “View on Scribd only,” “Download PDF.

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