Tags: WSJ Amazon in Talks to Launch Digital Book Library

WSJ: Amazon in Talks to Launch Digital Book Library

Monday, 12 Sep 2011 11:39 AM

Amazon.com Inc is in talks with book publishers about launching a media library service similar to Netflix Inc for tablets and other digital books, The Wall Street Journal reported.

Seattle-based Amazon, which makes the popular Kindle electronic reader, is also expected to release a tablet to rival Apple Inc's iPad in coming weeks, the Journal reported.

Under the proposal for a digital media library, customers would pay an annual fee to access a library of content, the Journal reported, citing people familiar with the matter.

It is unclear how much traction the talks have received, the Journal reported, citing the people familiar with the matter.

Several unnamed publishing executives said they are not enthusiastic about the idea because it could lower the value of books and could strain their relationships with other retailers that sell their books, the newspaper reported.

An Amazon spokesperson was not immediately available for comment.

© 2017 Thomson/Reuters. All rights reserved.

   
1Like our page
2Share
Markets
Amazon.com Incis in talks with book publishers about launching a media library service similar to Netflix Incfor tablets and other digital books, The Wall Street Journal reported. Seattle-based Amazon, which makes the popular Kindle electronic reader, is also expected to...
WSJ Amazon in Talks to Launch Digital Book Library
149
2011-39-12
Monday, 12 Sep 2011 11:39 AM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved