From The Digital Reader:
With Oyster walking away and Scribd scaling back, it would be easy to assume that the future of streaming ebook services is Kindle Unlimited, but Bonnier would disagree.
This publishing conglomerate has just started developing a subscription ebook and audiobook service in its native Sweden.
Bookbeat is not yet open to the public and is in fact still recruiting staff, so there’s not much to say at this time, but I can report that the website is describing it as a flat rate service like Scribd or KU which will let users read as much as they want. The site is promising audiobooks and ebooks, including both backlist and the latest titles.
. . . .
When it does go live, Bookbeat will be competing with Bookmate (out of Russia), Mofibo (out of Denmark), and Fabula (out of Latvia). Two of the three already offer service in Sweden. That would give them the advantage – if not for the fact that Bonnier is backing Bookbeat as a “strategic investment”.
This is one of the major publishers in Sweden, and it will be making its titles available to Bookbeat. That will give the service an advantage.
Link to the rest at The Digital Reader and thanks to Jan for the tip.