American online publishing platform Medium has announced the acquisition of the social-based eBook company Glose, a platform where users can buy and read books, then share notes and highlights with friends. According to The Verge, Medium CEO Ev Williams said the company “looks forward to working with the Glose team to partner with publishers to help authors reach more readers.” Once the integration is complete, Glose’s library will not be included in Medium’s $ 5 monthly and annual subscriptions.
Glose CEO Nicolas Princen said, “The vision is to create an experience you can go into from one to the next. “He added,“ You can read an article and then one-click purchase a book that links to that content if you want to dig deeper. ”As with The Verge, there are a few ways Glose / Medium integration could do that. First, Medium could show people the books written by the author of the article they are reading. Going even further, Medium could also find books on the topic of the article and show them to readers who want to learn more.
While the cost of the Medium acquisition is not public, it provides a revenue stream for the company outside of its subscription service. While it can be difficult to get people to pay for small articles, many people are already used to paying for books. (ANI)
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- American online publishing platform Medium has announced the acquisition of the social-based eBook company Glose, a platform where users can buy and read books, then share notes and highlights with friends.
- The Glose e-book company now acquired by Medium