Scribd, the subscription-based content platform has apparently alerted its publishing partners that it will be dropping a number of romance and erotica titles from its ebook catalog. Smashwords CEO Mark Coker announced the news on the Smashwords website yesterday, along with the estimate that Scribd will drop 80-90% of the Smashwords romance and erotica titles. Mark is a strong proponent of indie publishing, and has been critical about the viability of a subscription model for ebooks (Amazon has updated its author compensation model for their Kindle Unlimited subscription platform starting July 1, 2015; authors now get paid “per page” read).
From Mark Coker’s post:
Scribd, the fast-growing ebook subscription service, today announced dramatic cuts to their catalog of romance and erotica titles.
Effective immediately, I estimate 80-90 percent of Smashwords romance and erotica titles will be dropped by Scribd, including nearly all of our most popular romance titles. Books priced at free are safe and will remain in their catalog.
Based on what I’ve been able to glean, the lower the price and the higher the word count, the better the odds the book will remain. Few books priced $3.99 and above will remain. Scribd is not publicly revealing the formulas for what stays and what goes, probably because much of this is still in flux. They’re cutting all publishers and distributors with the same blunt knife.
It’s ugly. The problem for Scribd is that romance readers are heavy readers, and Scribd pays publishers retailer-level margins for the books.
You can read the rest of the post HERE.