By Larry Magid

(KCBS)—- Amazon is working on plans to start a library service for e-books.

“It’s sort of like Netflix for books,” said KCBS Technology Analyst Larry Magid.

Magid said with this you could pay an annual fee and have access to a library of content.

“Instead of buying a book, you would, I guess, rent it,” Magid said.

This would be good synergy for Amazon, but is it good for the public? Magid said he believes publishers would rather sell a book rather than rent it. This has potential to really disrupt the book industry, Magid commented.

KCBS Technology Analyst Larry Magid:

Magid said it’s unclear how this will work since it will need to be affordable, but Amazon as well as publishers and authors will need to make money from it.

“It’s kind of like a library but one big difference between this and the local library is that local libraries are free,” Magid added.

You can hear Larry Magid’s Tech Report Monday through Friday at 3:50pm on KCBS All News 740AM and 106.9FM.

(Copyright 2011 by CBS San Francisco. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. Wire services may have contributed to this report.)


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