So, we were seriously thinking about titling this post, “Where Writers Win Acquires Amazon” and then shouting “April Fool’s!” in the first line… But these days even a well-timed joke may quickly be misconstrued and the resulting litigation could take a big chunk out of our days… so we opted for a look at the real deal making all the headlines: the recent news that Amazon and Goodreads will become bed fellows by the end of Q2 (Amazon bought Goodreads for a reported $150 million). Welcome to the jungle, eh?
No doubt there’s a great deal of shock and awe surrounding that announcement and so we went looking for what the pundits are saying will be the result of this acquisition, for both companies, for readers, for other publishers and most important, for authors!
Strangely enough, no one seems to be talking about what then happens to Shelfari, Amazon’s existing reader platform (they purchased this one for under $10 million back in 2008), except that Goodreads is the obvious leader on the social connection front. What is also interesting to many is how Apple iBooks will now respond, and do they become vulnerable without an attached social community of their own…
As an excellent article (included below) on AuthorsGuild.org pointed out: “By combining Goodreads’ recommendation database with Amazon’s own vast databases of readers’ purchase histories, Amazon’s control of online bookselling approaches the insurmountable.”
One thing is for sure, Amazon just got a whole lot stronger, which makes it one tough gladiator in the publishing arena.
So… what do you think, authors? An even better, even niftier author marketing tool, or is Orwell screaming “1984” in your ear?
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Following this afternoon’s announcement that Amazon has agreed to acquire Goodreads, I had a few minutes to talk to the Goodreads CEO Otis Chandler and A..
Amazon and Goodreads share a passion for reinventing reading. Goodreads has helped change how we discover and discuss books and, with Kindle, Amazon has helped expand reading around the world. In addition, both …
So, Amazon has a reading platform called Kindle. Goodreads has a platform that makes fairly excellent suggestions when it comes to reading materials. You.
Lastly, AllThingsD’s Kara Swisher actually talked to some sources and asked them how much Amazon paid for Goodreads, which raised almost $3 million from angel investors and True Ventures. They told her the real number …
url. According to sources, Amazon paid about $150 million for Goodreads, the popular books recommendation service. But that number could close in on $200 million, if certain performance metrics are met. And, while …
In an interview Thursday, Goodreads CEO Otis Chandler and Amazon’s VP of Kindle content Russ Grandinetti stressed that Goodreads will not change for the worse following its acquisition by Amazon.
Amazon’s garden walls are about to grow much higher. In a truly devastating act of vertical integration, Amazon is buying Goodreads, its only sizable competitor for reader reviews and a site known for the depth and breadth of …
At first glance, an Amazon/Goodreads partnership opens up some exciting possibilities. Amazon could draw upon your relationships on Goodreads to surface your friend’s notes, reviews and progress within an e-book.