Amazon.com buys audiobook publisher
|
| Posted
:
Wed, 23 May 2007 19:12:01 GMT |
| By
:
Business News Editor |
| Category
:
Finance (General) |
| News Alerts by
Email ( click
here ) |
Finance General News |
Home
|
|
|
|
|
|
SEATTLE, May 23 Amazon.com Inc. said Wednesday it bought Brilliance Audio Inc., the largest independent U.S. audiobooks publisher, for an undisclosed amount.The purchase lets Amazon, in conjunction with authors and book publishers, "expand the number of titles produced in increasingly popular audio formats," Amazon books Vice President Greg Greeley said. Audiobook production has traditionally been limited to best-selling titles, largely because of the economics associated with recording, producing and bringing audiobooks to market.But audiobooks have been growing in popularity, due to the Internet and portable music players. People can now download audiobooks.Amazon has also invested in downloadable movies.The Brilliance Audio purchase comes a week after Amazon said it would launch a music-download store that sells only songs without anti-copying protection, so customers could play the music on a wide variety of devices.Brilliance Audio will continue to operate independently under the leadership of Michael Snodgrass, Amazon said. Its operations will remain in Grand Haven, Mich.Copyright 2007 by UPI
|
|
|
|
|
|
Related News
Singapore man gets 14 years in jail for Ponzi-style scam Singapore - A Singapore court on Wednesday sentenced a fraudster who cheated 13.4 million Singapore dollars (10.3 million US dollars) out of investors in a Ponzi-style scam to 14 years in jail, a media report said. Lee Hock Chye, also known as Jon, 3...
Taiwan signs financial pact with China Taipei - Taiwan signed a financial service agreement with China late Monday in a long-awaited move to boost cross-strait financial investments in the future. Our two sides signed the financial memorandum of understanding at the same time on Monday, ...
IMF chief predicts stronger Asian currencies Singapore - The head of the International Monetary Fund (IMF) on Friday predicted a revaluation of major Asian currencies against the dollar as a rebalancing of the world's economy gets underway. I expect that in the coming years the revaluation o...
More than 5,000 overseas millionaires seek residency in Hong Kong Hong Kong - Around 1,000 US dollar millionaires a year are settling in the former British colony of Hong Kong under a residency scheme for rich migrants, officials said Thursday. Since 2004, the city of 7 million has allowed people to obtain residenc...
Taiwan bars foreign investor money in time deposits Taipei - Taiwan on Tuesday barred foreign investors from putting money in time deposits in a bid to prevent currency speculation and to channel foreign funds into the stock market. Under the bank taking immediate effect, foreign investors cannot put ...
Poland want to cut budget deficit by reducing pension payments Warsaw - Poland wants to reduce its deficit by reducing payments to private pension funds while keeping that money in the state's social insurance company ZUS, the Finance Ministry said Wednesday. Under the proposal, private pension funds would recei...
IMF unfreezes standby loan after Serbia promises spending cuts Belgrade - The International Monetary Fund (IMF) will unfreeze funds from a 4-billion-dollar standby loan to Serbia, which in return must curb spending and reform its social care system, officials said Wednesday in Belgrade. The head of the IMF missi...
|
|
|
|
|
|
|
|