Amazon buys popular comic book app platform Comixology
BY BEN GILBERT APRIL 10TH 2014, AT 4:12:00 PM ET
There's nothing quite like taking a massive, heavy library of beloved books and shrinking it into an e-reader. Amazon, having already accomplished that with its tremendously popular digital book service, is now targeting the comic book market. The company is purchasingComixology, a digital comic book service with hundreds of millions of users and apps for all of your devices.
Comixilogy CEO David Steinberger is quite fond of the agreement, the terms of which were not disclosed (we're assuming it's at least $3.50 -- comics these days are awfullyexpensive). "There is no better home for comiXology than Amazon to see this vision through," Steinberger says in the announcement. "Working together, we look to accelerate a new age for comic books and graphic novels." It's just a wild guess, but we're expecting the first such "acceleration" will involve integrating Amazon payments and the Comixology userbase over to Amazon. We're asking the company for more, but don't expect to hear much -- the deal hasn't closed just yet, but it's expect to in the next few months.
http://www.engadget.com/2014/04/10/amazon-buys-comixology/
