Oyster ebook subscription service to close

US-based ebook subscription service Oyster is shutting down its operations, reports Publishers Weekly. The company said in a statement on its blog: ‘We will be taking steps to sunset the existing Oyster service over the next several months. If you are an Oyster reader you will receive an email personally regarding your account in the next few weeks.’ Oyster launched in September 2013 as a ‘Spotify’ for ebooks, securing around US$20m (A$27.8) in venture capital investment. The service offered unlimited access to over a million titles for US$9.95 (A$13.8) a month. Its exit from the market leaves Scribd and Amazon Unlimited as the major players in ebook subscription services.

Category: International news