Oyster and Scribd: Is a Subscription Model the Future of Reading?

What a real Spotify for books contender would look like, in my eyes, is this: a flat fee of £10 per month to take your unlimited collection of books everywhere — mobile, tablet, etc. Sort the audience attraction out first and the royalties later (because visibility is ultimately more important, right?). Allow for independent publishing but with quality checks on the level of formatting and basic proofreading. Offer an ad-only free option for laptop/computer reading…

Not my words, but the words...