Publisher Macmillan will offer 1,000 of its titles through the e-book subscription services Oyster and Scribd. It's the third major publishing company to sign on with the all-you-can-read e-book services.
Oyster and Scribd are competitors that both hope to become a "Netflix for e-books." Subscribers at either service pay flat monthly fees to read as many e-books as they like. A third rival is Amazon's Kindle Unlimited.
In signing on with Scribd and Oyster, Macmillan has joined fellow major publishers Simon & Schuster and HarperCollins.
Remaining are Hachette, which had a bruising battle with Amazon over e-books last year, and Penguin Random House, the world's largest publisher. A representative for Penguin Random House told the Associated Press that the company is "uncommitted at present to offering our books for any subscription services."
In a December letter to his authors, Macmillan CEO John Sargeant wrote that offering books through subscription services, which generally pay publishers and authors less per book than an actual sale, is a "significant long-term risk."