Monday, December 21, 2009

Scribd Signs eBook Deal With Top Global Publisher Wiley

Scribd, the world's largest social publishing company with more than 50 million readers each month, has entered an agreement with top global publisher John Wiley and Sons, Inc. to market and sell thousands of popular eBooks through the Scribd Store, Scribd's e-commerce marketplace. Wiley titles will include the For Dummies series, Frommer's travel guides and CliffsNotes study guides.

Scribd also recently signed agreements with Sterling Publishing, Chronicle Books and University of Chicago Press. They join the more than 150 professional publishers that are now selling in the Scribd Store. Sterling Publishing is a leading publisher of non-fiction books and a subsidiary of Barnes & Noble. Its multiple imprints include Hearst Books, which publishes popular brands Cosmopolitan, Esquire and Vogue.

In 2009 alone, the Scribd community uploaded and shared more than five million free and for-purchase works, ranging from research papers to storyboards. Books accounted for one of the fastest growing content categories; more than 200,000 books are published on Scribd annually at the current rate. That number is expected to more than quadruple in 2010. By comparison, the U.S. book industry published 275,232 books in 2008, or 3 percent less than the previous year. (source: Bowker)

Scribd launched its Scribd Store earlier this year to offer professional publishers and independent writers and artists an option for selling their works. Scribd users include tens of millions of avid readers and information-seekers, best-selling authors, media companies such as The New York Times and The Huffington Post and publishing companies such as Simon & Schuster, Random House, Workman Publishing Co., Harvard University Press and The MIT Press.

The Scribd Store service allows publishers to set their own prices and offers them a generous revenue share agreement that gives sellers 80 percent of revenue. All books and other written material added to the Scribd Store are automatically added to Scribd's Copyright Management System, an industry-leading technology and set of best practices designed to prevent the upload of unauthorized content.

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