Microsoft invests half billion in the Nook, making it more valuable than Barnes and Noble

Microsoft and Barnes & Noble have teamed up to compete against Apple and Amazon in the eBooks business. The new partnership sees Microsoft investing $300 million in a new Barnes & Noble subsidiary 뮤즈대쉬 다운로드.

The $300 million investment in the Nook subsidiary of Barnes & Noble gives Microsoft about 17.6 percent ownership of this business unit 인터넷 동영상 링크 다운로드. That values this part of the business at about $1.7 billion. Before the markets opened this morning, the Nook business was valued about $900 million more than Barnes & Noble itself 다운로드.

via GigaOm

 

In addition, Microsoft is paying another $305 million to get Nook on Windows 8 with some content:

Microsoft will be paying the Barnes & Noble subsidiary $180 million for revenue sharing on the Nook app that B&N will make for the Windows 8 platform 파크라이3 다운로드. This is nonrefundable, the filing notes. Microsoft is also paying $125 million (equal to $25 million over five years) “for purposes of assisting NewCo in acquiring local digital reading content and technology development.” This, too, looks to be nonrefundable 다운로드.

via Techcrunch

To put that in perspective, in the last quarter Barnes and Noble made $52 million in profit (on $2.4 billion in sales), and Amazon pulled in $130 million in profit (on $13 billion in sales) 바우와우. Clearly, Amazon has a big edge over B&N.

But, when you look at Microsoft’s earnings for the last quarter, $5.1 billion in profit (on $17 billion in sales), it looks like the big dog just entered the game 플라즈마 스워드 다운로드. But, don’t forget that Apple is on the scene as well.

Clearly, the e-reader battle is just heating up and everyone wants a piece.

***

On a side note, Target just announced they are pulling all Kindle’s from their stores due to ‘showrooming.’ The practice of visiting Target to physically touch a product, so you can then buy it on Amazon 다운로드.

The rise of e-reading in America

28% of Americans age 18 and older own at least one specialized device for e-book reading – either a tablet or an e-book reader 데어 랑그릿사 다운로드.

The holiday season saw a huge boost in ownership for both e-readers and tablets. Both jumped 9%, meaning that nearly one in ten Americans received a device over the holidays 다운로드.

The average reader of e-books says she has read 24 books in the past 12 months, compared with an average of 15 books by a non-e-book consumer 다운로드.

78% of those ages 16 and older say they read a book in the past 12 months.

Overall, those who reported reading the most books in the past year include: women compared with men; whites compared with minorities; well-educated Americans compared with less-educated Americans; and those age 65 and older compared with younger age groups 다운로드.

30% of those who read e-content say they now spend more time reading, and owners of tablets and e-book readers particularly stand out as reading more now. 

The longer people have owned an e-book reader or tablet, the more likely they are to say they are reading more 배민라이더스.

The prevalence of e-book reading is markedly growing, but printed books still dominate the world of book readers. 

In our December 2011 survey, we found that 72% of American adults had read a printed book and 11% listened to an audiobook in the previous year, compared with the 17% of adults who had read an e-book songr.

There are four times more people reading e-books on a typical day now than was the case less than two years ago.

10x more stats at – The rise of e-reading, Pew Internet

 

And, a fun ending:

Why people like to read. 

King for a day: The internet finally takes down books, cd's, and dvd's

Rumors are swirling that Borders bookstores is shutting down 400 stores and laying off 11,000 employees 다운로드. Which may be the kill shot from the internet we have been talking about for years.

First, it stinks that several thousand folks are going to be out of work 다운로드. I always liked bookstore employees because they are the friendliest in the retail world.

If you look to Barnes and Noble, the titan of bookstores, they too are on the chopping block 다운로드. Up for sale with a potential buyer, the company is losing money every quarter 국토지리정보원. The strongest segment of the business is their e-book reader, the Nook, and the corresponding e-book sales.

This all means that book superstores are going the way of the Dodo bird 다운로드.

The movie business is already done. Blockbuster is in the process of closing 1,000+ stores 모노그램 자각몽. Hollywood Video is in bankruptcy and, for me, they even tore down the building at the one I used to work at in Westwood 코만도스 1 다운로드!

The sales of DVD’s also plummeted 20% in the first quarter of 2011 다운로드.

I can’t remember the last time I bought a DVD.

Music and CD sales have been done for a while. The stores that used to sell CD’s: Wharehouse, Virgin Megastores, Tower Records, and others are now just fading memories 다운로드. The empty stores they left behind only show a passing resemblance to the hotspots they once were.

Here is a chart that shows 2009 sales of CD’s lowering back down to 1985 levels 더 길티 다운로드.

King for a day.

The internet has finally overcome and I say it’s for the better. Music is not dead, movies are still alive, and I’m reading more books than ever.

Perhaps the megastores, big boxes, and local DVD stores are gone. But, in their place I think we can expect more mom/pop used book stores, cult favorite CD stores (Amoeba music), and on-demand movies.

It’s a plus for all of us!

Right?

King for a day: The internet finally takes down books, cd’s, and dvd’s

Rumors are swirling that Borders bookstores is shutting down 400 stores and laying off 11,000 employees 다운로드. Which may be the kill shot from the internet we have been talking about for years.

First, it stinks that several thousand folks are going to be out of work 다운로드. I always liked bookstore employees because they are the friendliest in the retail world.

If you look to Barnes and Noble, the titan of bookstores, they too are on the chopping block cs4 제품 다운로드. Up for sale with a potential buyer, the company is losing money every quarter 스케치업 한옥 다운로드. The strongest segment of the business is their e-book reader, the Nook, and the corresponding e-book sales.

This all means that book superstores are going the way of the Dodo bird 사랑해도 될까요 다운로드.

The movie business is already done. Blockbuster is in the process of closing 1,000+ stores 고요한밤 거룩한밤 mp3. Hollywood Video is in bankruptcy and, for me, they even tore down the building at the one I used to work at in Westwood 손경제 다운로드!

The sales of DVD’s also plummeted 20% in the first quarter of 2011 다운로드.

I can’t remember the last time I bought a DVD.

Music and CD sales have been done for a while. The stores that used to sell CD’s: Wharehouse, Virgin Megastores, Tower Records, and others are now just fading memories Windows 10 무료. The empty stores they left behind only show a passing resemblance to the hotspots they once were.

Here is a chart that shows 2009 sales of CD’s lowering back down to 1985 levels 잭애스 다운로드.

King for a day.

The internet has finally overcome and I say it’s for the better. Music is not dead, movies are still alive, and I’m reading more books than ever.

Perhaps the megastores, big boxes, and local DVD stores are gone. But, in their place I think we can expect more mom/pop used book stores, cult favorite CD stores (Amoeba music), and on-demand movies.

It’s a plus for all of us!

Right?