Amazon Planning 'Netflix for Books'

Also in talks to gather content for upcoming tablet

Amazon has been keeping busy during the long summer lull, preparing for the launch of its upcoming tablet and pitching a new digital book service that would allow premium customers to “rent” e-books for free.

The online retailer is in talks with book publishers to launch its own Netflix-like digital book service, sources told The Wall Street Journal. The e-retailer is supposedly in the midst of putting together a digital library of older titles, which it plans to offer (with limitations) to subscribers of Amazon Prime, the $79 a month service that already provides access to the site’s premium video content, in addition to unlimited two-day shipping.

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