Berlin-based Inkitt announced another big round of funding, raising $59 million in a Series B (on top of previous rounds that raised at least $21 million). Axel Springer was a co-lead in the new round, with Michael Lynton participating, along with further funding from Stefan von Holtzbrinck (HV Holtzbrinck Ventures participated earlier) among others. The […]
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Substack Chips Away
In a perfect world the steady reporting on Substack and the world of book publishing would feature a stream of all the authors and publishers who turned down the well-financed subscription service’s offers, but that’s not how it works. First came the breaking news in the NY Post that Substack was going “to disrupt book […]
Copyright Office Concurs that Maryland’s Library Lending Law Is “Likely…Preempted” By the Copyright Act
Register of Copyrights and director of the US Copyright Office Shira Perlmutter formally responded to US Senate ranking member on the subcommittee on intellectual property Thom Tillis’s request for an analysis of Maryland’s recently-enacted law regulating library lending of ebooks and similar efforts pending on other states. Tillis was clearly looking for confirmation of his […]
Earlier Kindle Models Will Get Bricked As Carriers Drop Older Networks
Cellphone carriers are sunsetting their 2G and 3G (and CDMA) networks, which means that a number of older Kindle ereaders will lose their cellphone connectivity. The earliest models will lose their internet connectivity entirely as a result. A number of other models, “from the third-gen Kindle Keyboard all the way to the 8th-gen Kindle Oasis,” […]
Funding: BookClub Raises Again
After announcing $6 million in seed funding last September, BookClub has now raised a $20 million Series A financing. The round was led by Signal Peak Ventures — which was joined by GSV Ventures, Maveron, Backstage Capital​ and Pelion Venture Partner, along with MasterClass co-founded Aaron Rasmussen and Goodreads co-founder Otis Chandler. The service has […]
Back to the Future: Kobo Launches Writeable eReader
If you remember the Newton and the early days of dedicated ereaders, Kobo’s new product announcement is a trip down memory lane. Their Elipsa reader, launching June 24 is oversized — a 10.3-inch screen — and writeable. It comes with a stylus and lets you annotate ebooks and PDFs (depending on the DRM permissions). You […]