“Google is launching a new service for booksellers next year called Google Editions, which will let readers buy books and read them anywhere on gadgets ranging from cell phones to possibly e-book devices,” The Associated Press reports.
“Tom Turvey, head of Google Book Search’s publisher partnership program, said the price per book would be set by their publishers and would start with between 400,000 to 600,000 books next year,” AP reports. “‘It will be a browser-based access,’ Turvey said Thursday at the 61st Frankfurt Book Fair. ‘The way the e-book market will evolve is by accessing the book from anywhere, from an access point of view and also from a geographical point of view.'”
Google will collect 55 percent of the profits, Turvey said, giving a ‘vast majority’ of that to retailers, and the rest will go to the publisher,” AP reports. “‘Google Editions allows retail partners to sell their books, especially those who haven’t invested in a digital platform,’ he said. ‘We expect the majority (of customers) will go to retail partners not to Google. We are a wholesaler, a book distributor.'”
In related news, “a U.S. federal judge set a Nov. 9 deadline for submission of a revised agreement in the battle over Google’s effort to attain digital rights to millions of out-of-print books. The U.S. Justice Department filed papers last month, saying the $125 million agreement “raises significant legal concerns” and was likely to conclude that it breaks federal antitrust law,” AP reports. “The Justice Department also said that the deal could drive up prices because Google might gain a monopoly on some out-of-print books. The original agreement was reached in October 2008.”
Full article here.