It was revealed that some of the Oyster team will move to Google, fueling speculation that Google has acquired Oyster and might be angling for a subscription service of its own—a possibility that has tantalized industry observers. But sources said that Google has no immediate plans for an e-book subscription service, and that the company worked a deal to pick up some of Oyster’s talent, and to otherwise “soften the blow” from its failure.
Oyster gets shucked
September 28, 2015
From this morning’s Publishers Weekly feed, word comes that Oyster, the Netflix of eBooks, will end operations in 2016.
After Oyster, What’s Next for E-book Subscriptions?
After one of the industry’s most buzzed-about upstarts announced this week that it is shutting down, questions have mounted about the viability of e-book subscription services. Oyster—billed as the Netflix of books—confirmed last week that it will cease operations sometime in 2016.