While I'm still reeling from the news that Harvard University Press' display room is closed, I see that HUP has signed a deal with Scribd to distribute HUP books in electronic format. One thing that's interesting is the split of revenues from the deal: HUP gets 80%, Scribd keeps 20%.
From the Harvard Crimson story about this:
“We think it’s exciting to get a big publisher like Harvard involved, especially because we went to school there,” said Adler, a former Biophysics concentrator.
NYU and MIT's University Presses have also already signed on with Scribd. The company started discussing a deal with HUP about a month ago, according to Adler, after HUP started uploading books to the Web site on their own.
Scribd, which attracted the attention of venture capitalists soon after it was launched in March 2007, currently has almost 50 million users, according to Adler. Books purchased through Scribd can be read on electronic devices, including the iPhone and Amazon Kindle.
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