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Bookmate is a company developing a mobile service of the same name for reading books by subscription. Founded in 2010 by Simon Dunlop and his business partner Victor Frumkin. The company is headquartered in Dublin.
History
2022
Sale of Individuum and Popcorn Books
Denis Kotov, co-owner of the Chitai-Gorod - Bukvoed book network, bought the Russian publishers Individuum and Popcorn Books from Bookmate, which develops the e-book service of the same name. This became known on August 16, 2022. Read more here
Sale of Yandex rights to use the service for reading and listening to books
Yandex bought the rights to use the Bookmate book reading and listening service in the CIS. Under the terms of the agreement, part of the Bookmate team will move to Yandex and help introduce developments into the company's infrastructure, as well as develop the platform using Yandex's expertise, Bookmate CEO Andrei Baev said.
 | Together with Bookmate, we plan to develop and improve our book scripts, adding new features to them, for example, reading e-books and comics, Yandex said. |  |
This is not about buying the entire Bookmate service, but about acquiring the rights to the technology that allows you to read e-books, listen to audiobooks, manage the rights to works and their metadata, publish content, and access to books depending on the region. The catalog contains information about more than 1 million books, audiobooks and comics, including description, genres and categories, ratings.
By acquiring a license to use the Bookmate technology platform and attracting part of the service team, Yandex may be planning to launch its own e-book service, says Maxim Ryabyko, a member of the board of the Internet Copyright Protection Association (AZAPI). He explains that it is enough to launch the service of these components, it is not necessary to conduct an M&A deal.
| | Bookmate has a good expertise in building a specialized book platform, Yandex only has to update the existing platform for its needs and for its business model. Having built, for example, a new service into the Yandex.Plus ecosystem, "the expert explained in a conversation with Vedomosti[1] | |
Notes
- ↑ source = yxnews & utm medium = desktop Yandex buys license to use Bookmate technology platform
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