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Scribd, the YouTube of e-books, signs major new deal

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Watch out Amazon, there's a new competitor in the e-book world.

The social publishing website, Scribd, dubbed the YouTube for digital books, has signed a deal with publisher Simon & Schuster. Starting today, visitors to the site’s Scribd Store will be able to purchase nearly 5,000 titles in e-book form, including works by Stephen King, Dan Brown, and President Jimmy Carter. The titles can be downloaded and viewed on a computer as PDFs or can be read on mobile devices such as Sony's e-book reader.

In the future, Scribd plans to launch an iPhone app so users can access content on-the-go. Simon & Schuster, whose titles also appear for download for Amazon's Kindle, will provide previews of 7,000 titles on the Scribd website that can be purchased in hardcover or paperback format.

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