Subscription ebook and audiobook service Scribd says it’s grown to more than 1 million subscribers.

It still has a long way to go before reaching the heights of Netflix (nearly 150 million subscribers) or Spotify (87 million paying subscribers), but the announcement should help put any lingering doubts to rest around whether there’s a sizable audience willing to pay an $8.99 subscription fee for books.

The company also says it’s been profitable since early in

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