MEDIA POST - Jan 18 - Medium Corp., the self-publishing platform started by Twitter co-founder Ev Williams, acquired Paris-based ebook startup Glose SA. Glose has ~1M readers in 200 countries; it carries ebooks and audiobooks from book publishers such as Penguin Random House, HarperCollins, Macmillan, Hachette, and Simon & Schuster. Glose's platform also resembles a social network - it lets people join reading groups and share highlights and annotations of the books they read. The platform offers a library of free classics that aren't copyrighted any longer and have more current titles for sale in its digital bookstore. Medium reaches 170M readers and charges $5 a month or $50 a year for unlimited access to its network of self-published authors. Writers can earn money on the platform based on how much time readers spend reading their works.
by Rob Williams
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