E-book subscription service Scribd is introducing a new credit-based business model for its audiobooks, which means that from 20th September only a certain number of audiobooks will have unlimited availability.
Writing on the company blog, c.e.o. Trip Adler said subscribers who pay a monthly fee of $8.99 (£5.70) will be able to access a rotating catalogue of “thousands” of audiobooks. They will also be given a monthly audiobook credit if they want to listen to a title that is not part of the unlimited library. If customers want to listen to more audiobooks that are not part of the library, they can buy additional credit for a further $8.99 (£5.70).
“Our vision at Scribd has always been to build a destination where readers can discover their next great read for a small monthly fee,” said Adler. “Every step we’ve taken over the years – introducing new publishers, titles, verticals, and features – has been a step towards that goal, and towards improving your reading experience.”
Scribd has more than one million titles in its catalogue and although Adler did not specify how many audiobooks would be part of the unlimited offering, he said the selection would be updated regularly with new titles.
The books being made available on an unlimited basis have been chosen because of “special arrangements with publishing partners”, he said.
The announcement comes only months after Scribd made cuts to its romance offerings. In July, the company said it had to “adjust the proportion of titles across genres to ensure that we can continue to expand the overall size and variety of our service”.