Buzz of the week in Digital Publishing
- Apple was found guilty for the iPad price-fixing lawsuit allegedly for restraining trade from publishers Hachette, HarperCollins, Macmillan, Penguin and Simon & Schuster. By raising e-book prices and preventing retailers from competing in the exclusive e-book market, Amazon was similarly forced to increase the price as well.
Funding of the week – Investment of the week
- Coursera, raised $43 million to market online education to students. The investors include the International Finance Corporation, the investment arm of the World Bank, and Laureate Education, an international higher education company, GSV Capital, Learn Capital and the entrepreneur Yuri Milner.
The Mountain View based company plans to develop mobile apps, increase its university partnerships, translate courses in foreign languages and open the platform to less developed countries.
- Goldman Sachs and Temasek, a Singapore investment company, have invested $110 millions in Shanda Cloudary, China leading digital publishing platform.
Partnership of the week
Baker & Taylor, the world’s largest book distributor, announced a strategic partnership with the publishing service Bookmasters. According to Bookmasters’ official blog:
This partnership will expand Baker & Taylor’s portfolio of value-added services to include the full suite of high quality services Bookmasters currently offers, including:
- Print-on-demand and short run digital printing
- Offset printing, as well as a full range of binding formats
- Content and editorial services
- EBook conversion and distribution
- Publisher distribution services and third-party fulfillment
- Book sales and marketing services
News of the week
- Nitendo is launching a children’s eBook store on the 3DS. Nitendo is looking to transform the 3DS into an eBook reader with the recent success of the Japanese eBook market.
The goal is to develop 3D books with animations and videos, which will encourage parents to invest in this device instead of relying on costly and delicate electronic devices such as tablets and smartphones.
Inkling: how will the textbooks look like in the future?
The San Francisco based company is convinced that the way textbooks are published today is simply an out-dated, inefficient system. This type of reading experience is being tested and explored with The Silent History. They are convinced the way e-publishers should approach digital publishing is by treating the tablet differently from a paper book, which offers an entirely different reading experience. Consequently, digital books may include interactivity, non-linear formatting, wifi access, and social sharing.