03-24-2011, 06:24 PM | #1 | |
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Barnes & Noble Said to Be Likely to End Search Without Buyer
http://www.bloomberg.com/news/2011-0...ut-a-sale.html
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03-24-2011, 06:54 PM | #2 |
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Well, I would say that Apple and Google are rather unproven in digital book sales as well.
Nevertheless, it seems reasonable to me to suggest that a track record of success in selling hardback books at b&m stores does not necessarily indicate future success in selling eBooks via the internet. And as I understand it, that is what B&N is trying to sell to potential investors. |
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03-24-2011, 07:01 PM | #3 |
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Ouch. Remember when BN was the 8000lb godzilla stomping on indies (remember You've got mail?) Now it's monster chow for Amazon.
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03-25-2011, 07:20 AM | #4 |
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This may not be bad news for B&N, by the way.
They initially wanted to find a buyer and go private in part because of the infighting with Burkle. With that more or less over, the need to go private is a bit smaller. Both Amazon and Apple are leagues ahead in terms of selling digital content, by the way. They've done it for years and are thoroughly set up for it. |
03-25-2011, 11:57 AM | #5 |
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Kali, (if I understand you correctly) why do you think that Apple's success in selling music (whose market is mostly teenagers) will help them sell books to adults?
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03-25-2011, 12:23 PM | #6 | |
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http://paidcontent.org/article/419-t...phics-problem/ |
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03-25-2011, 01:02 PM | #7 |
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Thanks, kjk. Perhaps the teenagers are all file-sharing, because clearly 75% of the music being made is not for the adult market.
Books, on the other hand, are an adult market, notwithstanding the popularity of Harry Potter and Stephanie Meyers. Still, if 75% of iTunes' business is to adults, I will concede Kali's (and the article's) point about Apple . |
03-25-2011, 01:18 PM | #8 |
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GA, I think it's more that both Amazon and Apple have a head start at online transactions and selling digital content.
Both also work with a variety of digital wares. E.g. Apple sells music, apps, video (buy and rent) and now books. Amazon also sells music, video, books, is moving into apps. They also have S3, which is the backbone for services like Dropbox, and they've commercialized for years now. B&N can catch up, and I would say they've actually done a decent job -- possibly more than analysts and investors credit. They've also done a good job at leveraging the physical stores to push the Nook. But they're still a bit behind. |
03-25-2011, 02:02 PM | #9 |
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The recent Goldman Sachs report listed B&N as having 27% share of the ebook market. That's a healthy chunk but they will need to grow or maintain at least that number. The question is what will it take? And how much?
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03-25-2011, 07:31 PM | #10 |
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Unless B&N has a credible, urgent plan to make money from its bricks and mortar stores, it is doomed. Digital books and the Nook are much too little and much too late to save B&N. The tragedy is the demise of Borders may tempt B&N to be complacent about non-performing physical stores and margins within that part of the business.
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03-28-2011, 10:00 AM | #11 |
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True Confessions dept:
When my Nook Color automatically updated its OS, resulting in all of my books and magazines disappearing and forcing me to re-download them all, I thought for a split-second that B&N had shut down over the weekend. Heh-heh. Silly me! |
03-28-2011, 11:29 AM | #12 | |
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Now I feel bad complaining when iBooks re-arranged my bookshelf order after updating |
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03-28-2011, 12:01 PM | #13 | |
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03-28-2011, 12:38 PM | #14 | |
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03-28-2011, 12:45 PM | #15 | |
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Nope, not rooted. |
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