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Goodreads is being bought by Amazon.
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by
Bloomin’Chick (Jo) aka The Eclectic Spoonie
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Mar 29, 2013 09:09AM

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Here are more links:
http://www.nytimes.com/2013/03/29/bus...
http://www.forbes.com/sites/jeffberco...
http://www.forbes.com/sites/tomiogero...
http://www.shelf-awareness.com/issue....

Essentially, Amazon want to kill print books and traditional publishing and move everything to ebooks, mainly the Kindle. So far, they have killed off Borders, innumerable small chains and indie bookshops. The war is now between Apple, Barnes & Noble and Amazon for ebook domination.
Ebooks are important to Amazon for several reasons.
1. They cannot be loaned, copied, swapped or resold (except in very, very limited circumstances). Therefore each reader is a buyer. Not sure what accommodation they will make in the future for libraries.
2. Traditional publishing is expensive and employs a lot of people. Ebook publishing is extremely cheap and the author quite often has to bear all the costs. Kindle books aren't necessarily cheaper than print books, but the profits are phenomenally higher. The publishing company (Amazon), the distributor (Amazon) and the media-reader (Amazon) all benefit greatly from this. The author will also benefit more if he can do sufficient influential marketing (which costs) that a traditional publishing company would have been responsible for.
3. Distribution costs. Amazon already has great restrictions on the books it publishes. They cannot be sold on Ingram which is the world's largest distributor of English language books or any other distributor. Amazon also buys from Ingram. But by establishing the Kindle, ebooks, as the main way to read books, they get to cut out the middleman.
The more people they can cut out in the reading chain, the bookshops, the publishers, the distributors, the more Amazon get to call the shots and keep the profits.
4. Otis new job of developing the international market is to spread the Kindle to the major book markets around the world which can be serviced from any State or country that will allow them to get away with not paying taxes. Since Kindle is distributed over the internet, they can base themselves anywhere.
Very soon there will be a GR/Kindle app, 'special' offers for Kindles and books for GR members, the advertising will of course only be where Amazon will derive profit and Amazon itself will display prominent links to GR.
I could be wrong, I'm rather a specialist in that, in fact I hope I'm wrong, but I don't think so.

http://www.librarything.com/topic/152033


My emotional reaction - I hate Kindle, and dislike the idea of there attempted monopoly of the business - now GReads? I may move to Shelfari though I'd really miss everyone. Kindle doesn't support downloading from Canadian libraries (the same holds true for the UK, last time I checked anyway) and have no intension of implementing it - I've had quite a bit of discussion with Kindle customer support about it (good friend of mine - pensioner - bought a Kindle by mistake)- dismissive / could care less. Kindle has a large customer base in Canada and this non-support is in the fine print. Thankfully I researched ereaders before buying and bought a Sony instead. The ability to download ebooks from libraries was core to my decision not to purchase a Kindle.

Here are more links:
http://www.nytimes.com/2013/03/29/bus...
http://www.forbes.c..."
Okay, so I see Shelfari is already owned by Amazon. Thanks for the post.

I fought it for years then weakened - the convenience in the winter of downloading books.... Hear you though Jo - still far prefer a book in hand.





"This is the way I like it—I find Goodreads too pushy on the social side, too cavalier about user data, and culturally and intellectually inferior. So I want to be unlike them. But it's also good business practices. If you want a ham sandwich, Goodreads will give you one. We need to be the site for people who hate ham sandwiches."
The thread continued with the owner replying to various people but even when I asked why he didn't address my concerns, he didn't bother.


Lots of pretty pics to move around. It is owned by "Odyl, a social-media driven platform for publishers and authors to grow their audiences on Facebook". So there you have it, it's there to sell books for the big six publishers. There will be major integration with Facebook. They are compared with Instagram and Pinterest on most of the sites that mention Riffle.
Not for me.
http://webcache.googleusercontent.com...
Actually it's a Facebook app... And there isn't a review system in place.


http://www.salon.com/2013/03/31/amazo...

http://www.salon.com/2013/03/31/amazo..."
Thanks for posting Petra. I'll share on a discussion group that's following the buyout.

http://www.salon.com/2013/03/31/amazo......"
It's just a group on goodreads. Quite a few people on it write reviews.

Cheryl, I don't like monopolies either - and I've always loved libraries. I don't know what I'd do without them.


Print is expensive and there are a lot of people involved. If Amazon can get the authors to do the work (and unless they are major authors) and their own editing and just present Amazon with a file that Amazon can sell directly, Amazon have eff all costs. Since they don't allow books they publish to be distributed elsewhere it will be a case of if you want to read the latest.... you have to get it from Amazon and you have to get it on Kindle.
Amazon are obviously hoping by the acquisition of GR to knock Apple and Barnes&Noble out of the ereader market too.

"The acquisition, terms of which Amazon.com did not reveal, will close in the second quarter of this year. Goodreads, founded in 2007, has more than 16m members, who have added more than four books per second to their "want to read" shelves over the past 90 days, according to Amazon. The internet retailer's vice president of Kindle content, Russ Grandinetti, said the two sites "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 Amazon and Goodreads have helped thousands of authors reach a wider audience and make a better living at their craft. Together we intend to build many new ways to delight readers and authors alike," said Grandinetti, announcing the buy. "
Exactly what I've been saying.
http://www.guardian.co.uk/books/2013/...

This situation smacks of censorship. Get your reading material from us or you don't get it at all. UGH is right, Jo.

And "With its 16 million subscribers, Goodreads could easily have become a competing online bookseller, or played a role in directing buyers to a site other than Amazon. Instead, Amazon has scuttled that potential and also squelched what was fast becoming the go-to venue for online reviews, attracting far more attention than Amazon for those seeking independent assessment and discussion of books.
My favorite thing about Goodreads was that I trusted that the reviews were independent & honest. I don't know what's going to happen now.


The new, global electronic marketplace is rapidly depleting authors' income streams.

Very difficult for a business to compete with that. Very unfair on authors too.
I've got ads ("sponsored books" available at Amazon, at least) when I turn off my ad blocker.

I guess I need to start watching for the "Buy on Kindle!" button. Think it'll be on every page, or just most of them?

Ignore me. I'm just a disgruntled indie bookshop owner.
You and those like you are why I spend at least half of my book dollars at indie bookstores.

I love my local indie book store and try to support it so it will never go away. I'll never have an e-reader and I hope there are others like me.

Nothing beats a real book, though, and nothing beats a real bookstore that doesn't double as a Starbucks.

I do not like paying all the bills for my shop and staff to be used as Amazon's shop window and them getting all the profit.
