logo
  Join        Login             Stock Quote

Google backed by almost all U.S. publishers on digital bookstore

Sunday, May 9, 2010 11:14 PM


NEW YORK, May 9, 2010 (Kyodo News International) -- U.S. online search giant Google (NASDAQ:GOOG) Inc. has clinched the support of almost all publishers in the United States for its digital bookstore expected to be launched as early as the end of June, company officials told Kyodo News on Sunday.

The number of authors and publishers that have agreed to participate in Google's sales effort to distribute books online topped 25,000 as of Sunday, the officials added.

If books with expired copyright are included, Google will handle over 4 million books, including about 2 million handled by the publishers that have agreed to join what is set to be the world's largest virtual bookstore.

The entry of Google will likely accelerate the growth of the electronic book business, already pioneered by rivals like Amazon.com Inc. (NASDAQ:AMZN) and Apple Inc. (NASDAQ:AAPL) , as publishers also seek new and expanded outlets to sell their products.

The company did not elaborate on details of its digital bookstore, called Google Editions, but one official emphasized that it will include almost all U.S. publishers.

Google Editions will allow users to easily buy books through its online search service and will likely involve a model where publishers decide the retail price.

(Source: iStockAnalyst )

Advertisement
Advertisement



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.