alt Hacker News> If public libraries were created in the last 20 years, they would have been banned and felony copyright charges would have been levied. In fact, thats exactly what happened WHEN people tried to create free digital libraries.
I wonder why nobody created a Netflix-like subscription for digital books
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Libby very much exists, you just need to sign up through your local library.
I believe you can get access to a lot of digital books with a library card online. Not something I have personally done, so can't really give details.
Kobo Plus: https://www.kobo.com/us/en/plus
The reason I don't subscribe is it takes me a lot longer to finish a book/audiobook than a movie. I just get them from the library/Libby - even if it's a 4 month wait, there are plenty of available books to read while I wait.
https://en.wikipedia.org/wiki/Oyster_(company)
There was already one that existed in the web 2.0 era. Founded in 2012, raised a $3M seed from Founders Fund and a $14M A. Completely failed though and was acquihired by Google to have the founders lead Google Play Books.
Amazon now has Kindle Unlimited but I think it's mostly romance slop and self-published books. Seems like publishing rightsholders were just too inflexible to let the business model take off.
Because you have to pay a ton more for a lot of digital copies of books if you're doing any kind of lending and you're competing with existing libraries. So you both have higher costs (e.g. you have to pay more for a digital file that may have DRM, be required to self destruct after a certain number of uses, doesn't allow multiple lends at a time, etc.) and your prospective consumers have a free option so convincing them to pay is going to be difficult.
The economics aren't there.
Amazon maybe? Kindle Unlimited. In some ways Audible with audiobooks. Which actually has lot of entrants though they tend to limit listening time on large part of their portfolio.