Google Inc. (NASDAQ:GOOG) is preparing to launch an e-book store called Google Editions. Google Editions will allow consumers to buy books and read them on e-book devices. This is the first time that Google will be getting into the e-book sales market.
Google Book Search publisher partnership program head Tom Turvey said that the publishers will be the ones responsible for setting the price of the e-books. Next year Google Editions will launch with about 400,000-600,000 e-books. “It will be a browser-based access,” stated Turvey at the 61st Frankfurt Book Fair. “The way the e-book market will evolve is by accessing the book from anywhere, from an access point of view and also from a geographical point of view.”
Google will earn 55% of the e-book profits and the rest will go to the publisher. That is too massive of a chunk for selling someone elses’ work in my opinion. Google lets developers keep 70% of revenue earned on the Google Android Market mobile application store.
Some of the most popular e-book readers on the market today include the Amazon.com Kindle and the Sony Reader.
This is definitely going to save me some textbook dollars…
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There are also rumors that BNN is coming out with an e-reader. I think its going to be a hot product this holiday.
There are also rumors that BNN is coming out with an e-reader. I think its going to be a hot product this holiday.
Tom – Thanks for your comments at The Future of Publishing conference. How is this e-book doing with magazine publishers now that it's had time to get known? Kathi