Open Culture gives a nice summary of the new store feature at Scribd.com.
The ground underneath traditional publishing has shifted once again. Scribd, the “YouTube of documents,” has opened up a new store where authors can upload and sell their books. And here’s the clincher. You don’t need a costly gadget (like the Kindle) to read these digital books. Any computer with an internet connection will do. And apparently, you can use smart phones as well.
As noted in the LA Times, Kemble Scott, a bestselling author from San Francisco, has published his second book — The Sower — on Scribd, and it goes for $2 per copy. Of that, Scott will get to keep $1.60, which beats the cut he received for his first traditionally-published book. You can watch a video introducing the new digital book marketplace above. You can also read more about it in The New York Times.