“Amazon.com Inc. is talking with book publishers about launching a Netflix Inc.-like service for digital books, in which customers would pay an annual fee to access a library of content, according to people familiar with the matter,” Stu Woo and Jeffrey A. Trachtenberg report for The Wall Street Journal.

“It’s unclear how much traction the proposal has, the people said,” Woo and Trachtenberg report. “Several publishing executives said they aren’t enthusiastic about the idea because they believe it could lower the value of books and because it could strain their relationships with other retailers that sell their books, they said.”

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Woo and Trachtenberg report, “Amazon has told publishers it is considering creating a digital-book library featuring older titles… [which] would be available to customers of Amazon Prime, who currently pay the retailer $79 a year… 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.”

Read more in the full article here.
 

[Thanks to MacDailyNews Readers "Fred Mertz" and "Lynn Weiler" for the heads up.]