Register Guidelines E-Books Search Today's Posts Mark Forums Read

Go Back   MobileRead Forums > E-Book General > News

Notices

Reply
 
Thread Tools Search this Thread
Old 11-08-2011, 05:35 PM   #1
SensualPoet
Wizard
SensualPoet ought to be getting tired of karma fortunes by now.SensualPoet ought to be getting tired of karma fortunes by now.SensualPoet ought to be getting tired of karma fortunes by now.SensualPoet ought to be getting tired of karma fortunes by now.SensualPoet ought to be getting tired of karma fortunes by now.SensualPoet ought to be getting tired of karma fortunes by now.SensualPoet ought to be getting tired of karma fortunes by now.SensualPoet ought to be getting tired of karma fortunes by now.SensualPoet ought to be getting tired of karma fortunes by now.SensualPoet ought to be getting tired of karma fortunes by now.SensualPoet ought to be getting tired of karma fortunes by now.
 
SensualPoet's Avatar
 
Posts: 2,295
Karma: 2607151
Join Date: Nov 2009
Location: Toronto
Device: Kobo Glo, Kobo Aura HD, Kindle Wifi, Nexus 7 (2013), Samsung Tab 10.1
Kobo Sold to Japanese Company

Kobo sold to Japan’s Rakuten

Kobo Inc., the Canadian manufacturer of e-readers and a newly released tablet device, has been sold to Japanese e-commerce company Rakuten Inc. in a $315-million (U.S.) deal.

Tokyo-based Rakuten will acquire 100 per cent of Kobo’s total issued and outstanding shares, the company announced on Tuesday. The sale is also a windfall for Indigo Books & Music Inc. (IDG-T6.730.304.67%), which created Kobo and then sold it off.

“Rakuten is already one of the world's largest e-commerce platforms, while Kobo is the most social eBook service on the market and one of the world's largest eBook stores with over 2.5 million titles,” Kobo chief executive officer Michael Serbinis said in a statement on Tuesday. “This transaction will greatly strengthen our position in our current markets and allow us to diversify quickly into other countries and e-commerce categories.”

http://www.theglobeandmail.com/globe...rticle2229733/

So ... anyone heard of Rakuten before today? There's a website here: http://global.rakuten.com/corp/

Press release here: http://global.rakuten.com/newsrelease/2011/1109.html
SensualPoet is offline   Reply With Quote
Old 11-08-2011, 05:52 PM   #2
Fbone
Is that a sandwich?
Fbone ought to be getting tired of karma fortunes by now.Fbone ought to be getting tired of karma fortunes by now.Fbone ought to be getting tired of karma fortunes by now.Fbone ought to be getting tired of karma fortunes by now.Fbone ought to be getting tired of karma fortunes by now.Fbone ought to be getting tired of karma fortunes by now.Fbone ought to be getting tired of karma fortunes by now.Fbone ought to be getting tired of karma fortunes by now.Fbone ought to be getting tired of karma fortunes by now.Fbone ought to be getting tired of karma fortunes by now.Fbone ought to be getting tired of karma fortunes by now.
 
Fbone's Avatar
 
Posts: 5,209
Karma: 67533333
Join Date: Jun 2010
Device: Searching ...
Rakuten owns Buy.com in the US.
Fbone is offline   Reply With Quote
Old 11-08-2011, 05:53 PM   #3
carpetmojo
Wizard
carpetmojo ought to be getting tired of karma fortunes by now.carpetmojo ought to be getting tired of karma fortunes by now.carpetmojo ought to be getting tired of karma fortunes by now.carpetmojo ought to be getting tired of karma fortunes by now.carpetmojo ought to be getting tired of karma fortunes by now.carpetmojo ought to be getting tired of karma fortunes by now.carpetmojo ought to be getting tired of karma fortunes by now.carpetmojo ought to be getting tired of karma fortunes by now.carpetmojo ought to be getting tired of karma fortunes by now.carpetmojo ought to be getting tired of karma fortunes by now.carpetmojo ought to be getting tired of karma fortunes by now.
 
Posts: 3,091
Karma: 9040313
Join Date: Feb 2011
Location: UK
Device: Sony- T3, PRS650, 350, T1, T3T2 . Finally the Dark Side, aK-Paperwhite
Mmmmm...

There is a book (fiction), whose name escapes me for the moment -"Rose " I think is in it somewhere - which tells, basically, how Japan buys/takes control of Ireland.




Are we approaching the days of the mighty (well,a bit better than the £/$/zloty/rouble) once more I wonder.........
carpetmojo is offline   Reply With Quote
Old 11-08-2011, 05:56 PM   #4
kjk
.
kjk ought to be getting tired of karma fortunes by now.kjk ought to be getting tired of karma fortunes by now.kjk ought to be getting tired of karma fortunes by now.kjk ought to be getting tired of karma fortunes by now.kjk ought to be getting tired of karma fortunes by now.kjk ought to be getting tired of karma fortunes by now.kjk ought to be getting tired of karma fortunes by now.kjk ought to be getting tired of karma fortunes by now.kjk ought to be getting tired of karma fortunes by now.kjk ought to be getting tired of karma fortunes by now.kjk ought to be getting tired of karma fortunes by now.
 
Posts: 3,408
Karma: 5647231
Join Date: Oct 2008
Device: never enough
Rakuten is a huge internet presence, but isn't part of the publishing industry there-curious what their approach is going to be. Sony just re-entered Japan's eBook market last year, and Amazon is rumored to release the Kindle there next year.


Interesting article about the state of eBooks in Japan here.

Quote:
Japan’s book distribution system is unique, and perhaps the most influential factor in publishers’ reluctance to embrace e-books. In 1953, the Japanese publishing industry established fixed pricing for books and magazines. Under the current system, the major and established publishers enjoy higher status than foreign publishers. Fixed pricing for print media is tolerated despite the country’s anti-trust policies, but not when it comes to digital content. Overall, physical book distribution in Japan is suffering from a number of factors, including a 40% return rate, 28% decline in small bookstores, and an overall market decline of 17% since 1996.
kjk is offline   Reply With Quote
Old 11-08-2011, 06:00 PM   #5
taming
Trying for calm & polite
taming ought to be getting tired of karma fortunes by now.taming ought to be getting tired of karma fortunes by now.taming ought to be getting tired of karma fortunes by now.taming ought to be getting tired of karma fortunes by now.taming ought to be getting tired of karma fortunes by now.taming ought to be getting tired of karma fortunes by now.taming ought to be getting tired of karma fortunes by now.taming ought to be getting tired of karma fortunes by now.taming ought to be getting tired of karma fortunes by now.taming ought to be getting tired of karma fortunes by now.taming ought to be getting tired of karma fortunes by now.
 
taming's Avatar
 
Posts: 4,006
Karma: 9455193
Join Date: May 2010
Location: Mostly in Canada
Device: kobo original, WiFI, Touch, Glo, and Aura
My sense has always been that Kobo was building for takeover. The international and social focus of the company were amazing ideas--that needed a whole lot more money behind them to succeed.
taming is offline   Reply With Quote
Old 11-08-2011, 06:05 PM   #6
SensualPoet
Wizard
SensualPoet ought to be getting tired of karma fortunes by now.SensualPoet ought to be getting tired of karma fortunes by now.SensualPoet ought to be getting tired of karma fortunes by now.SensualPoet ought to be getting tired of karma fortunes by now.SensualPoet ought to be getting tired of karma fortunes by now.SensualPoet ought to be getting tired of karma fortunes by now.SensualPoet ought to be getting tired of karma fortunes by now.SensualPoet ought to be getting tired of karma fortunes by now.SensualPoet ought to be getting tired of karma fortunes by now.SensualPoet ought to be getting tired of karma fortunes by now.SensualPoet ought to be getting tired of karma fortunes by now.
 
SensualPoet's Avatar
 
Posts: 2,295
Karma: 2607151
Join Date: Nov 2009
Location: Toronto
Device: Kobo Glo, Kobo Aura HD, Kindle Wifi, Nexus 7 (2013), Samsung Tab 10.1
Kobo is all about books, book consumption and social reading experience. It's not really about the hardware as it aims to be open platform (heavily embracing Apple ecosystem solely through apps, driving Android use through Samsung and other vendors) ... its about bringing a new reading experience to the table.

Rakuten, as noted, doesn't have historic "book vision" but seems very focussed on e-vending. It's an interesting match-up and certainly can't harm Kobo's international ambitions. And, from the sounds of it, it has deeper pockets than the Indigo group does which is critical at this stage of Kobo's development.
SensualPoet is offline   Reply With Quote
Old 11-08-2011, 06:10 PM   #7
Phogg
PHD in Horribleness
Phogg ought to be getting tired of karma fortunes by now.Phogg ought to be getting tired of karma fortunes by now.Phogg ought to be getting tired of karma fortunes by now.Phogg ought to be getting tired of karma fortunes by now.Phogg ought to be getting tired of karma fortunes by now.Phogg ought to be getting tired of karma fortunes by now.Phogg ought to be getting tired of karma fortunes by now.Phogg ought to be getting tired of karma fortunes by now.Phogg ought to be getting tired of karma fortunes by now.Phogg ought to be getting tired of karma fortunes by now.Phogg ought to be getting tired of karma fortunes by now.
 
Phogg's Avatar
 
Posts: 1,604
Karma: 17119218
Join Date: Dec 2008
Location: In the ironbound section, near avenue L
Device: Just a whole bunch. I guess I am a collector now.
Perhaps they will combine fine dining with great literature and open some Kobo steak houses

/ducks
Phogg is offline   Reply With Quote
Old 11-08-2011, 06:17 PM   #8
Fbone
Is that a sandwich?
Fbone ought to be getting tired of karma fortunes by now.Fbone ought to be getting tired of karma fortunes by now.Fbone ought to be getting tired of karma fortunes by now.Fbone ought to be getting tired of karma fortunes by now.Fbone ought to be getting tired of karma fortunes by now.Fbone ought to be getting tired of karma fortunes by now.Fbone ought to be getting tired of karma fortunes by now.Fbone ought to be getting tired of karma fortunes by now.Fbone ought to be getting tired of karma fortunes by now.Fbone ought to be getting tired of karma fortunes by now.Fbone ought to be getting tired of karma fortunes by now.
 
Fbone's Avatar
 
Posts: 5,209
Karma: 67533333
Join Date: Jun 2010
Device: Searching ...
Digging further in Rakuten. They own e-commerce sites all over the world. Also, banks, credit cards, investments, baseball team, travel agencies. They do own an online bookstore but I can't tell if there are ebooks available. The site is in Japanese.

However they did lose 41 billion yen the first 6 months of 2011. Mostly from their credit card business reorganization.
Fbone is offline   Reply With Quote
Old 11-08-2011, 06:21 PM   #9
fjtorres
Grand Sorcerer
fjtorres ought to be getting tired of karma fortunes by now.fjtorres ought to be getting tired of karma fortunes by now.fjtorres ought to be getting tired of karma fortunes by now.fjtorres ought to be getting tired of karma fortunes by now.fjtorres ought to be getting tired of karma fortunes by now.fjtorres ought to be getting tired of karma fortunes by now.fjtorres ought to be getting tired of karma fortunes by now.fjtorres ought to be getting tired of karma fortunes by now.fjtorres ought to be getting tired of karma fortunes by now.fjtorres ought to be getting tired of karma fortunes by now.fjtorres ought to be getting tired of karma fortunes by now.
 
Posts: 7,441
Karma: 58178065
Join Date: May 2009
Location: 26 kly from Sgr A*
Device: PRS-T1, KT, PB701/IQ, K2, PB360, BeBook One, Axim51v, TC1000
Actually, this makes perfect sense:

1- Rakuten is a back-end ebook player just like Kobo: http://www.engadget.com/2011/06/13/s...-book-service/

2- The japanese ebook market is stalled: http://publishingperspectives.com/20...ook-isolation/

Kobo had a global vision without global pockets, Rakuten has the money but not the reach.
And Indigo is betting on retail.
Cha-ching!
fjtorres is online now   Reply With Quote
Old 11-08-2011, 06:53 PM   #10
SensualPoet
Wizard
SensualPoet ought to be getting tired of karma fortunes by now.SensualPoet ought to be getting tired of karma fortunes by now.SensualPoet ought to be getting tired of karma fortunes by now.SensualPoet ought to be getting tired of karma fortunes by now.SensualPoet ought to be getting tired of karma fortunes by now.SensualPoet ought to be getting tired of karma fortunes by now.SensualPoet ought to be getting tired of karma fortunes by now.SensualPoet ought to be getting tired of karma fortunes by now.SensualPoet ought to be getting tired of karma fortunes by now.SensualPoet ought to be getting tired of karma fortunes by now.SensualPoet ought to be getting tired of karma fortunes by now.
 
SensualPoet's Avatar
 
Posts: 2,295
Karma: 2607151
Join Date: Nov 2009
Location: Toronto
Device: Kobo Glo, Kobo Aura HD, Kindle Wifi, Nexus 7 (2013), Samsung Tab 10.1
I don't think it's quite that simple.

Kobo's vision is about monetizing ereading -- in a mix of ecommerce, hardware, book sales, piggy backing on existing social media, etc. It's all well and good to have an ecommerce platform for Thailand; what does Kobo gain from that? It's got a long way to go to flesh out its English publisher line-up and European push; I am guessing it is a whole different world pursuing ebooks in Asian and other languages.

Kobo wants to be the glue between publishers/authors and readers/social media active readers. It will certainly require a whole new set of product managers to develop for these new (to Kobo) markets.
SensualPoet is offline   Reply With Quote
Old 11-08-2011, 07:13 PM   #11
fjtorres
Grand Sorcerer
fjtorres ought to be getting tired of karma fortunes by now.fjtorres ought to be getting tired of karma fortunes by now.fjtorres ought to be getting tired of karma fortunes by now.fjtorres ought to be getting tired of karma fortunes by now.fjtorres ought to be getting tired of karma fortunes by now.fjtorres ought to be getting tired of karma fortunes by now.fjtorres ought to be getting tired of karma fortunes by now.fjtorres ought to be getting tired of karma fortunes by now.fjtorres ought to be getting tired of karma fortunes by now.fjtorres ought to be getting tired of karma fortunes by now.fjtorres ought to be getting tired of karma fortunes by now.
 
Posts: 7,441
Karma: 58178065
Join Date: May 2009
Location: 26 kly from Sgr A*
Device: PRS-T1, KT, PB701/IQ, K2, PB360, BeBook One, Axim51v, TC1000
This isn't about Kobo using Rakuten, this is about Rakuten buying a tool to get into ebooks outside japan. They already tried with the Sony-Panasonic alliance but clearly didn't see it helping them outside Japan (assuming it is working even there). Kobo didn't decide; Rakuten did.

The Indigo folks would know why they made the move but I'm thinking they realized Kobo is a long-term, deep-pockets bet. And not a sure thing.
A bird in the hand and all that.

Kobo is just a tool that got a new owner but likely keeps its mission.
Could've been worse.

Last edited by fjtorres; 11-08-2011 at 07:17 PM.
fjtorres is online now   Reply With Quote
Old 11-09-2011, 12:01 AM   #12
anonymoose
bookaholic
anonymoose ought to be getting tired of karma fortunes by now.anonymoose ought to be getting tired of karma fortunes by now.anonymoose ought to be getting tired of karma fortunes by now.anonymoose ought to be getting tired of karma fortunes by now.anonymoose ought to be getting tired of karma fortunes by now.anonymoose ought to be getting tired of karma fortunes by now.anonymoose ought to be getting tired of karma fortunes by now.anonymoose ought to be getting tired of karma fortunes by now.anonymoose ought to be getting tired of karma fortunes by now.anonymoose ought to be getting tired of karma fortunes by now.anonymoose ought to be getting tired of karma fortunes by now.
 
anonymoose's Avatar
 
Posts: 104
Karma: 1032718
Join Date: Jun 2011
Location: Canada
Device: Kobo Touch, Kobo app on iPhone
I can see the benefits of getting another company involved, but I have to say that I am shocked that Indigo gave up their stake completely, especially since they keep losing their book sales to e-books and focusing more and more on non-book products.
anonymoose is offline   Reply With Quote
Old 11-09-2011, 12:38 AM   #13
remcdonald
Connoisseur
remcdonald possesses cleverness exceeding the boundaries of Space and Timeremcdonald possesses cleverness exceeding the boundaries of Space and Timeremcdonald possesses cleverness exceeding the boundaries of Space and Timeremcdonald possesses cleverness exceeding the boundaries of Space and Timeremcdonald possesses cleverness exceeding the boundaries of Space and Timeremcdonald possesses cleverness exceeding the boundaries of Space and Timeremcdonald possesses cleverness exceeding the boundaries of Space and Timeremcdonald possesses cleverness exceeding the boundaries of Space and Timeremcdonald possesses cleverness exceeding the boundaries of Space and Timeremcdonald possesses cleverness exceeding the boundaries of Space and Timeremcdonald possesses cleverness exceeding the boundaries of Space and Time
 
Posts: 60
Karma: 49376
Join Date: Jul 2010
Device: Kobo, Kobo Touch
Ah but see the money in ereaders is not in the readers themselves (in fact the margins are tiny on those). The money is in selling all the secondary stuff like covers, chargers, lights, etc. So what Indigo handily did is get rid of the part that makes very little money (the ereaders and ebook sales) and keep the part that is going to drive in store revenues. It's actually a really smart business move now they can sell Kobo without dealing with any of the infrastructure and provided their in store folk with an out for defective/buggy units in that they only sell Kobo they don't manufacture it.
remcdonald is offline   Reply With Quote
Old 11-09-2011, 12:50 AM   #14
Fbone
Is that a sandwich?
Fbone ought to be getting tired of karma fortunes by now.Fbone ought to be getting tired of karma fortunes by now.Fbone ought to be getting tired of karma fortunes by now.Fbone ought to be getting tired of karma fortunes by now.Fbone ought to be getting tired of karma fortunes by now.Fbone ought to be getting tired of karma fortunes by now.Fbone ought to be getting tired of karma fortunes by now.Fbone ought to be getting tired of karma fortunes by now.Fbone ought to be getting tired of karma fortunes by now.Fbone ought to be getting tired of karma fortunes by now.Fbone ought to be getting tired of karma fortunes by now.
 
Fbone's Avatar
 
Posts: 5,209
Karma: 67533333
Join Date: Jun 2010
Device: Searching ...
I'm sure Indigo will receive a commission for every kobobook sold. Usually it's 50-50 so they will still earn revenue from ebook sales.
Fbone is offline   Reply With Quote
Old 11-09-2011, 03:20 AM   #15
Kumabjorn
Basculocolpic
Kumabjorn ought to be getting tired of karma fortunes by now.Kumabjorn ought to be getting tired of karma fortunes by now.Kumabjorn ought to be getting tired of karma fortunes by now.Kumabjorn ought to be getting tired of karma fortunes by now.Kumabjorn ought to be getting tired of karma fortunes by now.Kumabjorn ought to be getting tired of karma fortunes by now.Kumabjorn ought to be getting tired of karma fortunes by now.Kumabjorn ought to be getting tired of karma fortunes by now.Kumabjorn ought to be getting tired of karma fortunes by now.Kumabjorn ought to be getting tired of karma fortunes by now.Kumabjorn ought to be getting tired of karma fortunes by now.
 
Kumabjorn's Avatar
 
Posts: 3,973
Karma: 19802079
Join Date: Jul 2010
Location: Sweden
Device: Kindle 3 WiFi, Kindle 4SO, Kindle for Android, Sony PRS-350 and PRS-T1
In the simplest terms, Rakuten is the Japanese version of Amazon, everything to everybody. They make a lot of their money simply on their brand name, it costs quite a lot to open an e-store under Rakuten's umbrella. As pointed out they also own a baseball team (part of their marketing strategy). Rakuten means "Easy Heaven" meaning it should be easy and heavenlike to shop on their site. However, anyone who has ever been to Japanese sites knows that their design is simply awful, cluttered, full of small icons, no color schemes etc.
Don't know if it holds up anymore, but for a long time they ware constantly in the top on Nikkei's list of growth stocks.
Kumabjorn is offline   Reply With Quote
Reply

Tags
canadian, ereader, japan, kobo

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Touch Kobo Touch, Japanese and Italian Geco Kobo Reader 14 10-10-2012 09:30 PM
Trying to re-sell Kobo - if there's company rep at the forum, please get back Yar-PocketBooker Kobo Reader 2 09-15-2011 09:35 AM
Are Kobo and ChapterIndigo the same company ? erictoma Kobo Reader 3 12-06-2010 08:17 PM
Kobo Sold Out?!? SensualPoet Kobo Reader 21 05-11-2010 02:00 PM
TeleRead Sold to North American Publishing Company anurag News 9 02-12-2010 11:53 AM


All times are GMT -4. The time now is 02:31 PM.


MobileRead.com is a privately owned, operated and funded community.