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Internet venture Afictionado plans to launch a pay-monthly e-book library in 2012.
The company is yet to approach publishers to take part in the scheme, but is promising to offer "strong returns" to publishing partners, paying them 60% of subscription revenues.
The scheme involves e-books lent to subscribers, with access blocked once the loan period is finished. The scheme is intended for monthly subscription plans only, and will not use advertising.
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