Oyster App Brings Ebook Library to Your Pocket
Kate Abbott: Mashable
Though Apple and Amazon seem to have the ebooks market cornered, another startup has entered the digital books space to broaden readers’ selections. Oyster, a startup located in New York City, recently announced plans to launch a subscription-based book app, tailored specifically for smartphones.
The first round of Oyster’s financing -– $3 million — was led by Founders Fund, but the startup is releasing few details on its anticipated product. Eric Stromberg, Oyster’s CEO and co-founder, says the team is currently focusing on iOS and developing contracts with some publishing houses.
Oyster subscribers will be able to pay a monthly fee for unlimited access to novels, and can maintain a digital library — similar to what Spotify does for music, and what Netflix does for movies and television shows. “Just as they’re different services from one another, we’re going to be very different from each of them, especially with the uniqueness of the book in mind,” Stromberg says.