Google will launch its overdue online bookstore in December to grab a piece of the digital reading pie from Apple, Amazon and others, the Wall Street Journal said.
A source familiar with Google’s plans said the electronic bookstore would launch this month but declined to say what the service will be called and what date it will launch.
Shrouded in mystery is how many independent bookstores and retailer partners are participating in the service. Google has partnered with the American Booksellers Association (ABA), which plans to make Google’s service the main source of e-books on the Websites of hundreds of independent booksellers around the country.
The Wall Street Journal said Google has signed deals with many major book publishers and will offer hundreds of thousands of titles for purchase, and millions of books for free. To that end, Google will offer most of the titles that are currently available in other e-bookstores at launch, or shortly after, with prices similar to those at Amazon and Barnes & Noble, the spokesperson said.
Amazon commands the lion’s share of the market and offers 750,000 books and magazines but Apple’s iBookstore is gaining. ChangeWave Research polled 2,800 consumers and found the iPad’s share of the e-reader market had expanded from 16 percent to 32 percent between August and November, while the Kindle’s dipped from 62 percent to 47 percent.
Google needs an offering that will make prospective e-book readers seriously consider its service over Amazon and the rest of the pack. Having lots of titles will not be the only key selling point for Google’s e-book venture.
While Amazon tethers e-books to its Kindle e-reader, Apple to its iPad and iPhone, and Barnes & Noble to its Nook e-reader, Google will allow consumers to access books from retail partners on devices with full Web browsers, including computers, tablets and smartphones. Google users will buy books online using the company’s Checkout system and add them to an online library matched to a Google account.
Also unclear how much revenue Google will split with its raft of independent bookstores and other retailer partners. It is believed Google will pay publishers 63 percent of revenues and keep 37 percent for itself when it sells e-books directly to consumers.
The company will also let independent bookstores in the ABA, and others, sell their ebooks on their own sites using Editions. In this wholesale model, publishers would get 45 percent, with most of the remaining 55 percent going to the retailer. Google would take a small revenue cut.
Google had hoped to launch its e-books service in the summer but was delayed by legal and technical hurdles, according to the newspaper report.
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"Shrouded in mystery" is a great way to put it. I write and sell ebooks, so I've been waiting, watching, wanting info from Google on the delays, ETA, etc.
One thing's for sure, they'll have deep pockets.