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Scribd Launches Scribd Store,Online Marketplace for Original Written Works
Sellers Include Lonely Planet, O’Reilly Media, Berrett-Koehler,World Bank Publications and Best-Selling AuthorsSAN FRANCISCO – May 18, 2009 –
Scribd, the world's largest socialpublishing company, today announced the beta launch of Scribd Store,a first-of-its-kind e-commerce destination and publishing marketplacewhere anyone – from professional publishers and authors to studentsand enthusiasts – can upload and sell their written works to areadership of more than 60 million. The Scribd Store (www.scribd.com/store) expands Scribd’s library of free original documents to include for-purchase works, many of whichare new, exclusive or hard-to-find anywhere else on the Internet. In aradical departure from industry norms, the Scribd Store offers agenerous revenue sharing agreement that gives sellers 80% of revenue. Prices are set by the seller and currently range from $1 for agraphic novel to $5,000 for an in-depth China market research report.Sellers can also choose Scribd’s automated pricing option, whichgenerates an optimal price tag based on a cost-sales analysis of similaritems in the Scribd Store.“Our goal has always been to democratize the publishing process foreveryday people who have so many great ideas to share,” said TripAdler, Scribd CEO and co-founder. “Adding e-commerce capability givesall our users – professional and non-professional publishers – evenmore options in recessionary times, when every dollar counts.”“Scribd’s announcement is a sign that competition is alive and well inthe eBook market,” said Tim O’Reilly, founder and CEO of O’ReillyMedia. “We're seeing exciting new developments every day. Anypublisher who isn't paying attention will regret it!"“The Scribd Store has the potential to revolutionize book publishing byallowing readers the opportunity to pay only for the content they need– a model that offers real value in this down economy,” said JohannaVondeling, Vice President, Editorial and Digital, Berrett-KoehlerPublishers. “It also gives book publishers a promising new marketplace
 
to sell short and unique content, as we are doing with our new FastFundamentals whitepaper series.” The company will soon launch an iPhone application to give readersand buyers access to documents across multiple platforms; the mobile-optimized version of Scribd.com is already very popular. At launch, thebeta version of Scribd Store will be open to buyers and sellers in theUnited States, with international launches to follow.
Choice and Flexibility for Buyers and Sellers
 The range of written works available on Scribd reflects people’s actualreading habits, including recipes, articles, novels and research reportsfor school or work. At launch, the Scribd Store will include: never-before-released novels from best-selling authors Tamim Ansary, JoeQuirk and Kemble Scott; Tim O'Reilly and Sarah Milstein's “The TwitterBook,” available before print editions; books from the World Bank andLonely Planet; and much more.With Scribd Store’s flexible pricing, publishers have complete controlover price and packaging. Sellers can specify selling whole documents,a chapter or an exact selection of pages, or in installments. They canalso choose whether to serialize their books for $1.00/chapter; now,instead of having to purchase a country guide travelers can buy astandalone city chapter from Lonely Planet. Documents can be read onScribd.com, downloaded to a PC, printed, or made accessible throughweb-enabled mobile phones. “We are thrilled to be partnering with Scribd to bring Lonely Planetinformation and advice to a new set of travelers on a tailored basis,”said Matt Goldberg, CEO, Lonely Planet Publications. “Our goal is toempower travelers to get to the heart of a place, whether they choosea Guidebook, a Mobile Application or a Digital Chapter from Scribd.”
Quick, Easy Publishing to Millions
Scribd makes it easy for anyone to publish and sell original writtenworks – books, essays, comics, presentations – and make themdiscoverable by the world via major search engines or the more thanone million searches per day on Scribd.com. Sellers on Scribd Store must own the digital rights to the works theywish to sell and provide detailed information about their ownership of those works in order to sell their works through Scribd Store. Sellerscan also easily manage their digital rights – choosing viewing/readingoptions such as “View on Scribd only” “Download PDF,” “Download PDFwith DRM” or “Download ePub with DRM.” Sellers have the flexibility tomake real-time changes to pricing and preview options for their works
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