Public launch set for Spring 2011.
Startup 24symbols is planning to launch a service that it describes as 'like Spotify for books' early next year.
The browser-based service will work on computers, smartphones, iPads and e-readers, and will make books available for free, funded by advertising.
"24symbols uses basically a freemium model: it allows users to read for free by showing them non-intrusive contextual advertising," explains the company on its website.
However, like Spotify, there will also be an option to pay to remove the ads and get more features.
"The premium model allows them advanced functionalities and to read without internet connection by paying a subscription fee."
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24symbols says it will launch a private beta by the end of this year, before releasing a public version in Spring 2011. The company is currently seeking first-round venture funding.
It's too early to tell if 24symbols will succeed, though: the company hasn't announced details of any agreements with book publishers.
While there are many 'classic' books available in the public domain, getting publishers on-board will be an important task for 24symbols, which will have to assuage any fears of cannibalisation of paid e-book sales.
