by: Laura Hazard Owen | NiemanLab
Netflix earned more than $5 billion in 2014. No wonder companies want to be “the Netflix of” other kinds of digital media — ebooks, magazines, music.
That’s not easy to pull off when you don’t have Netflix’s deep pockets or 62 million subscribers — oh, and when you’re trying to sell something to read rather than watch. We saw new cracks in the subscription model for text Tuesday, when it became clear that subscription site Scribd is pulling thousands of romance titles from its site.