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Scribd Signs eBook Deal with Top Global Publisher Wiley
Sterling Publishing, Chronicle Books, University of Chicago Press Also Join More than 150 Publishing Companies Now on Scribd SAN FRANCISCO – December 15, 2009 – Scribd, the world's largest social publishing company with more than 50 million readers each month, has entered an agreement with top global publisher John Wiley and Sons, Inc. to market and sell thousands of popular eBooks through the Scribd Store, Scribd's e-commerce marketplace. Wiley titles will include the For Dummies series, Frommer's travel guides and CliffsNotes study guides. Scribd also recently signed agreements with Sterling Publishing, Chronicle Books and University of Chicago Press. They join the more than 150 professional publishers that are now selling in the Scribd Store. Sterling Publishing is a leading publisher of non-fiction books and a subsidiary of Barnes & Noble. Its multiple imprints include Hearst Books, which publishes popular brands Cosmopolitan, Esquire and Vogue. In 2009 alone, the Scribd community uploaded and shared more than five million free and for-purchase works, ranging from research papers to storyboards. Books accounted for one of the fastest growing content categories; more than 200,000 books are published on Scribd annually at the current rate. That number is expected to more than quadruple in 2010. By comparison, the U.S. book industry published 275,232 books in 2008, or 3 percent less than the previous year. (source: Bowker) "We're thrilled to have Wiley, a venerable brand, and so many other publishers join the Scribd community," said Trip Adler, CEO and co-founder of Scribd. "Our goal is to bring content creators and readers together in the best and most convenient way possible while giving professional publishers an additional revenue stream and control over how their content is consumed on the web, mobile devices and other platforms." Scribd launched its Scribd Store earlier this year to offer professional publishers and independent writers and artists an option for selling their works. Scribd users include tens of millions of avid readers and information-seekers, best-selling authors, media companies such as The New York Times and The Huffington Post and publishing companies such as Simon & Schuster, Random House, Workman Publishing Co., Harvard University Press and The MIT Press. -more-
2-2-2 "Scribd's community of 50 million readers offers a built-in marketing machine for Wiley books. At the same time, their aggressive copyright protection technology helps to ensure that the community is sharing and discussing written works that do not infringe on the rights of authors and copyright owners," said Peter Balis, Wiley's Director of Digital Content Sales. "At Wiley, we also believe that consumers want choice about when, where and how to read their books. Scribd is an important part of this strategy of choice." The Scribd Store service allows publishers to set their own prices and offers them a generous revenue share agreement that gives sellers 80 percent of revenue. All books and other written material added to the Scribd Store are automatically added to Scribd's Copyright Management System, an industry-leading technology and set of best practices designed to prevent the upload of unauthorized content. About Scribd, Inc. Scribd is the world's largest social publishing company. Our goal is to allow content creators to make their written works available at any time and on any device. Scribd is changing the way people discover, share, interact with, and sell original writings and documents. Our innovative document reader technology enables anyone to easily upload their writings -including those saved as PDF, Word, PowerPoint and other document types -- and share them on Scribd.com or embed them on another website. Scribd is a venture-backed company based in San Francisco. For more information, please visit http://www.scribd.com. About Wiley Founded in 1807, John Wiley & Sons, Inc. has been a valued source of information and understanding for 200 years, helping people around the world meet their needs and fulfill their aspirations. Since 1901, Wiley and its acquired companies have published the works of more than 400 Nobel laureates in all categories: Literature, Economics, Physiology or Medicine, Physics, Chemistry and Peace. Our core businesses publish scientific, technical, medical and scholarly journals, encyclopedias, books, and online products and services; professional/trade books, subscription products, training materials, and online applications and websites; and educational materials for undergraduate and graduate students and lifelong learners. Wiley's global headquarters are located in Hoboken, New Jersey, with operations in the U.S., Europe, Asia, Canada, and Australia. The Company's Web site can be accessed at http://www.wiley.com. The Company is listed on the New York Stock Exchange under the symbols JWa and JWb. ###