Amazon to purchase comiXology
In a rather shocking move, Amazon will be purchasing the leading digital comics provider, comiXology. ComiXology is a widely used site around here at Major Spoilers and I’m sure you might just use it too, so this is a fairly large announcement.
In the press release sent out by comiXolgy the details of the deal are not disclosed and simply let us know that the acquisition will happen. As of now we don’t know how how much Amazon will be spending to purchase comiXology, but that isn’t the news I’m most interested in. I’m wondering what the relationship between the two entities will be.
Will my Amazon Prime account let me have access to more free comics? Will my Amazon gift card allow me to buy the latest issues of Chew? Will we be able to purcahse comics after clicking on the Amazon link located at MajorSpoilers.com? All questions that I am dying to know answers to but will just have to wait to find out.
The press release did say that the deal would be finalized within the second quarter of 2014 so we should know more within the coming weeks.
What do you think about this announcement? Do you think it will push the digital comic medium farther along than it is now? Do you not like the big company buying up the up-and-comer? Give all your thoughts in the comments and read the full press release below!
SEATTLE—April 10, 2014—(NASDAQ: AMZN)—Amazon.com today announced that it has reached an agreement to acquire comiXology, the company that revolutionized the digital comics reading experience with their immersive Guided View technology and makes discovering, buying, and reading comic books and graphic novels easier and more fun than ever before.
“ComiXology’s mission is to spread the love of comics and graphic novels in all forms,” said David Steinberger, co-founder and CEO of comiXology. “There is no better home for comiXology than Amazon to see this vision through. Working together, we look to accelerate a new age for comic books and graphic novels.”
“Amazon and comiXology share a passion for reinventing reading in a digital world,” said David Naggar, Amazon Vice President, Content Acquisition and Independent Publishing. “We’ve long admired the passion comiXology brings to changing the way we buy and read comics and graphic novels. We look forward to investing in the business, growing the team, and together, bringing comics and graphic novels to even more readers.”
Founded in 2007, comiXology offers a broad library of digital comic book content from over 75 of the top publishers as well as top independent creators. Following the acquisition, comiXology’s headquarters will remain in New York.
Terms of the acquisition were not disclosed. Subject to various closing conditions, the acquisition is expected to close in the second quarter of 2014.