Thursday, April 10, 2014

Amazon Acquires ComiXology

Posted By on Thu, Apr 10, 2014 at 1:30 PM

The world's largest online retailer has purchased Comixology for an undisclosed amount. Comixology is a cloud-based digital comics app that offers 40,000+ titles on smart devices and the Internet . All the major and independent comic book publishers use ComiXology to digitally distribute their comics and graphic novels. The comic book app officially launched in 2007 and surpassed 200 million downloads in 2013.

Here is the official press word from ComiXology:

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.

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