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Simon & Schuster, Inc. to Make 5,000 Additional Books Available for Amazon Kindle
SEATTLE & NEW YORK CITY --(Business Wire)-- Amazon.com (NASDAQ: AMZN) and Simon & Schuster, Inc. today announced that Simon & Schuster will make 5,000 additional titles available for Amazon Kindle in 2008. When added to books already available on Kindle, including thousands of new releases and bestsellers, these Simon Schuster titles represent the vast majority of sales from the publisher's catalog. Committed to delivering content to readers in digital formats, Simon & Schuster's latest eBook initiative will more than double the number of Simon & Schuster titles available on Kindle today. Kindle customers will be able to discover, buy and read popular books such as Stephen R. Covey's "The 7 Habits of Highly Effective People."
"At Simon & Schuster, we are excited by how many Kindle books we're selling and the feedback from readers who want to read our titles on their Kindles. We have also learned that readers aren't just looking for new or bestselling books, but also books that are older or hard to find," said Carolyn Reidy, President and CEO, Simon & Schuster, Inc. "These are the books that have proven themselves to be of enduring interest, and we want readers to be able to find them anytime, anywhere. We are pleased to take another big step toward that goal by making this great percentage of our active backlist available on Kindle by the end of 2008."
"Kindle is re-igniting a love of reading -- after purchasing a Kindle, customers purchase, on average, just as many physical books, and their total book purchases on Amazon increase by 2.6x. Kindle books are also becoming a meaningful portion of Amazon's overall book sales much sooner than we anticipated -- of the 125,000 books available both as a physical book and on Kindle, Kindle books already account for over 6 percent of units sold," said Jeff Bezos, Amazon.com Founder and CEO. "This commitment from Simon & Schuster moves us closer to our vision for Kindle, which is to make any book, ever printed, in any language available in less than 60 seconds."
The initiative represents Simon & Schuster's most concentrated effort to date to provide quality content for the growing community of eBook readers who now want a broader and deeper assortment of titles to become available in eBook. The selection of titles for the initiative was based on statistical analysis of physical books that have been very popular backlist titles among Amazon.com customers over the past 12 months.
Launched on November 19, 2007, Amazon Kindle is Amazon's revolutionary portable reader that wirelessly downloads books, blogs, magazines, newspapers and personal documents to a crisp, high-resolution electronic paper display that looks and reads like real paper, even in bright sunlight. More than 125,000 books are now available in the Kindle Store, including New York Times Best Sellers and New Releases, which are $9.99, unless marked otherwise. Kindle is available today for $359 at http://amazon.com/kindle.
About Simon & Schuster
Simon & Schuster, a part of the CBS Corporation, is a global leader in the field of general interest publishing, dedicated to providing the best in fiction and nonfiction for consumers of all ages, across all printed, electronic, and audio formats. Its divisions include Simon & Schuster Adult Publishing, Simon & Schuster Children's Publishing, Simon & Schuster Audio, Simon & Schuster Digital, and international companies in Australia, Canada, and the United Kingdom. For more information, visit our website at www.simonsays.com.
About Amazon.com
Amazon.com, Inc., (NASDAQ: AMZN), a Fortune 500 company based in Seattle, opened on the World Wide Web in July 1995 and today offers Earth's Biggest Selection. Amazon.com, Inc. seeks to be Earth's most customer-centric company, where customers can find and discover anything they might want to buy online, and endeavors to offer its customers the lowest possible prices. Amazon.com and other sellers offer millions of unique new, refurbished and used items in categories such as books, movies, music & games, digital downloads, electronics & computers, home & garden, toys, kids & baby, grocery, apparel, shoes & jewelry, health & beauty, sports & outdoors, and tools, auto & industrial.
Amazon Web Services provides Amazon's developer customers with access to in-the-cloud infrastructure services based on Amazon's own back-end technology platform, which developers can use to enable virtually any type of business. Examples of the services offered by Amazon Web Services are Amazon Elastic Compute Cloud (Amazon EC2), Amazon Simple Storage Service (Amazon S3), Amazon SimpleDB, Amazon Simple Queue Service (Amazon SQS), Amazon Flexible Payments Service (Amazon FPS), and Amazon Mechanical Turk.
Amazon and its affiliates operate websites, including www.amazon.com, www.amazon.co.uk, www.amazon.de, www.amazon.co.jp, www.amazon.fr, www.amazon.ca, and the Joyo Amazon websites at www.joyo.cn and www.amazon.cn.
As used herein, "Amazon.com," "we," "our" and similar terms include Amazon.com, Inc., and its subsidiaries, unless the context indicates otherwise.
Amazon Kindle is sold through Amazon Digital Services, Inc.
Forward-Looking Statements
This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results may differ significantly from management's expectations. These forward-looking statements involve risks and uncertainties that include, among others, risks related to competition, management of growth, new products, services and technologies, potential fluctuations in operating results, international expansion, outcomes of legal proceedings and claims, fulfillment center optimization, seasonality, commercial agreements, acquisitions and strategic transactions, foreign exchange rates, system interruption, significant amount of indebtedness, inventory, government regulation and taxation, payments and fraud. More information about factors that potentially could affect Amazon.com's financial results is included in Amazon.com's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2007, and subsequent filings.
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