The Wall Street Journal reports that Amazon is working on a Netflix-like book rental service for Amazon Prime members.
Amazon has told publishers it is considering creating a digital-book library featuring older titles, people familiar with the talks said. The content would be available to customers of Amazon Prime, who currently pay the retailer $79 a year for unlimited two-day shipping and for access to a digital library of movies and TV shows.
Amazon would offer book publishers a substantial fee for participating in the program, people familiar with the proposal said. Some of these people said that Amazon would limit the amount of books that Amazon Prime customers could read for free every month.
If Amazon is able to offer customers a decent selection of movies and books plus free shipping for $79 per year, they might steal some customers from Netflix. The rumored $250 Amazon tablet is also an interesting twist.