I read this article on the BBC News website about Amazon buying Goodreads.
I’m sure you know all about Goodreads, most blogs I visit tend to have one of their widgets somewhere to show what books you’ve all read over the last few months.
If you’re not familiar with the site then it is all about merging books and social networking. You can have friends, read book recommendations, write book recommendations and follow your favourite authors. It’s ALL about the books.
According to the BBC article:
San Francisco-based Goodreads was founded in 2007, has 16 million members and is one of the most prominent online communities for readers.
This is exactly the place for readers and authors to mingle in (perfect?) harmony.
If you have self-published, you can launch a book promotion and share this with your friends. Your page can include links to your books…
And, that is where things might start to get sticky.
Amazon have the KDP Select version of their publishing. One of the KEY components of signing up to this service is the EXCLUSIVITY of your books only being available through Amazon for the 3 months you are with KDP.
I’m not sure whether Amazon will continue to allow authors to promote their books with links to rival retailers. I know from the promotional emails I receive that at present, you can include links to buy your books through Amazon, Barnes and Noble and Smashwords, amongst others.
What have Amazon said about this:
“Amazon and Goodreads share a passion for reinventing reading,” Russ Grandinetti, vice-president for Kindle content at Amazon, said in a statement.
The Kindle has revolutionised how I read books, I will give them that. I read more books than ever before and Goodreads has helped steer me towards a number of books. Want to read some reviews? Head over to Goodreads and see what other readers think.
For the self-publishing author, the e-reader has given us the opportunity to publish without needing to pay large volumes of cash to a vanity publisher. Goodreads helps provide the self-published with another platform to promote themselves.
Goodreads co-founder, Otis Chandler, said the deal would allow the company to move faster in bringing its user experience to more people around the world.
What do you think of this merger?
An inevitable marriage, bound to happen sometime down the road?
If you’re wondering how much this is costing Amazon and when is this happening, the article states:
The financial terms of the deal were not disclosed, and it is expected to be completed in the next quarter.
So, no mention of the cost of the deal.
Is it a good deal for the future of self-publishing or simply narrowing the options towards the one retailer? I know I will keep an eye on developments over the next few months.
Thanks for reading.