Medium acquires eBook firm Glose
Medium has introduced its acquisition of the social-based e-book firm Glose. Glose is a platform the place customers should buy and skim books, then share notes and highlights with buddies. Within the press launch asserting the acquisition, Medium CEO Ev Williams says that the corporate “look[s] ahead to working with the Glose group on partnering with publishers to assist authors attain extra readers.” Nevertheless, as Engadget notes, as soon as the combination is full, Glose’s library “received’t be included in Medium’s $5 month-to-month and $50 annual subscriptions.”
What the combination between Glose and Medium will truly appear like continues to be slightly unclear. In an interview with CNN Enterprise, Glose CEO Nicolas Princen raises the thought of readers having the ability to soar from an article right into a e-book. “The imaginative and prescient is to create an expertise the place you’ll be able to go from one to the subsequent,” he says. “You may learn an article after which simply one-click buy a e-book that connects to that content material if you wish to go deeper.”
There are a number of methods a Glose/Medium integration might go about this. I’d wish to think about that Medium might present me books written by the writer of the article I’m studying. Going even additional, Medium might additionally discover books concerning the article’s topic and present these to readers who wish to go deeper.
As an avid reader myself, each these concepts are intriguing, and I’d like to see the way it works in observe. Ev Williams additionally talked to CNN Enterprise about making it simpler to spin off a weblog publish from an inspiring e-book passage from Glose: “If I’m studying a e-book and a few specific passage speaks to me, I can very seamlessly take that to my weblog, perhaps write about it, perhaps have a dialogue about it.”
Whereas how a lot the acquisition value Medium isn’t public, it does present a income stream for the corporate exterior of its subscription service. Whereas it could be a battle to persuade folks to pay to learn shorter-form articles, many individuals are already accustomed to paying for books.
Nevertheless Medium decides to combine with Glose, one factor is evident — the corporate desires to be a formidable drive in on-line studying, and it has simply added 1.5 million books to its library.
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