This is an excerpt from the Smashwords Blog from September 6th:
“Smashwords today announced a distribution agreement with Oyster, a new and innovative ebook subscription service. Oyster offers consumers unlimited access to more than 100,000 ebooks for $9.95 per month.
I’ve been following the ebook subscription space for some time. As an ebook distributor, our job is to search out the most compelling opportunities to help our authors connect with reader eyeballs. Oyster is one such opportunity.
The closest analog to Oyster in the music business is Spotify, and in the video rental business it’s our Los Gatos neighbor NetFlix. The closest, most familiar analog to Oyster on the ebook market today is Amazon’s Kindle Owners Lending Library, where subscribers to Amazon’s Prime service who own a Kindle can download and read one ebook for free per month. The author or publisher, who must enroll their book in Amazon’s KDP Select program to benefit from KOLL, earns about $2.00 for each download.
I expect Smashwords titles to begin shipping to Oyster in about three weeks. At least 72 hours before we begin shipping to Oyster, I’ll send out an email alert to all Smashwords authors and publishers. The email will contain complete financial details, including royalty rates and sampling thresholds, so you can make an informed decision about your participation. It’s an author friendly deal so I expect you’ll be pleased.”
I definitely am pleased with that. This is a way to reach even more readers, and paint even more smiled on the faces of people. What could be better?