Penguin Random House ‘holds an effective veto on the success of ebook subscription services,” says Shelfie’s Peter Hudson.
Simon Dunlop, CEO of Bookmate, says that publishers’ lack of commitment to or understanding of the ebook subscription business led to Oyster’s demise.
Oyster, one of the first and most prominent ebook subscription services, is shutting down, with much of its team moving on to Google Play Books.
Oyster, a book subscription service in the United States, has kicked off 2015 with two major announcements, including offering more than 1 million books.
New research on subscription ebook models from BISG shows publishers are still reticent, while consumers who embrace the model continue to buy books.
In the six months since its debut, the $14 million Oyster ebook subscription platform has yet to take off. What’s lacking? What could be improved? We advise.