Many commentators have claimed that the whole ebook subscription business is unsustainable, but Amazon is in a unique position of never worrying too much over whether it's making a straightforward profit, but instead more concerned about whether it's building business. (rogerpacker.com)
Amazon launched Kindle Unlimited last year in response to Scribd and Oyster which are both running ebook subscription businesses. (rogerpacker.com)
On January 5, Scribd officially announced that it had secured $ 22 million in Series D funding, which will be used to grow the company's burgeoning ebook subscription business. (publishingperspectives.com)