Bookmate

Last updated
Bookmate
App-icon-flat.svg
Type of business Private
Type of site
 Social Software
Available in English, Serbian, Spanish, Russian, Estonian, Turkish, Swedish, Ukrainian, Danish
Headquarters Dublin [1] ,
Ireland
Area servedWorldwide
OwnerBookmate Limited
Services Social reading and publishing platform
URL bookmate.com

Bookmate is a social ebook subscription service, available primarily on mobile, with catalogues in 9 languages. [2] The mobile app is supported on iOS, Android, Windows Phone and feature phones, and the service is also available in a web version. [3] [4]

Contents

History

The company was founded in 2010 by Victor Frumkin and Simon Dunlop, and was originally headquartered in London. [4] Starting with $500,000 seed funding, Bookmate raised funds in two subsequent funding rounds. In June 2011, the company received $3 million from Ulmart and Essedel, and in May 2014, it received a further $3 million from Ulmart. [5] [6]

As of 2013, Bookmate provided access to more than 255,000 books. [7] By March 2014, it became the largest distributor of ebooks in Russia, with 1 million registered users. [8]

In April 2014, Bookmate received the Publishing for Digital Minds Innovation Award at the London Book Fair. [6] In October the same year, it launched its mobile app for Android and iOS users. [3]

In August 2015, Indonesian telco Indosat has announced a partnership with Bookmate to launch a mass-market mobile reading service under the Bookmate-Cipika Books brand. [9]

A regional office of Bookmate in Mexico City began operating in 2017 and continued to expand from there to countries such as Argentina, Colombia, Chile, Peru, and other Spanish-speaking nations. [10]

In August 2022, the Irish company Bookmate Limited gave Yandex a license to use the technological platform of the service in the CIS and Russia. Bookmate Limited left the Russian market. [11]

In October 2022 the Irish company Bookmate Limited, which owns the Bookmate book service, was included in the Register of Foreign Agents in Russia. [12] [13] The company’s CEO Andrew Baev was also added to the list of “foreign agents”. [13] Bookmate Limited owned majority stakes in two book publishers, Individuum and Popcorn Books (both profitable), which it had to sell due to political risks. [13] In an interview with Meduza , Andrew Baev said that Russia has never been the main market for Bookmate, and the company continues to work in the Balkans, Latin America, and Europe. [14]

As of November 2022, Andrew Baev was the company's CEO and Simon Dunlop served as the Executive Chairman of the Board. [13]

As of February 2023, Bookmate has 10 million registered users, and a catalogue of over 1,000,000 books. [15]

Features

Bookmate enables unlimited reading of its catalogue for a fixed monthly fee. [16] In the app readers can follow the feeds and bookshelves of friends. [17]

Bookmate has a built-in recommendation system that consists of two different stages. Primarily, the user is prompted to select the genres of books that they like during the onboarding in the app. The selection of recommended books is furtherly adapted to users’ tastes and preferences based on their reading activity in the app. [18]

Content

As of December 2014, Bookmate offered titles in 9 different languages and had a catalogue of over 500,000 books. [17] [19]

In Bookmate apps and on the website, a catalog of books, audiobooks and comic books can be browsed or searched for via various parameters, such as name, author, genre etc. The catalog contains both free (public domain) content and the content distributed by subscription. The availability of the content for certain users is determined based on this user’s location and the characteristics of this user’s subscription.

As of early 2023, Bookmate has a catalog of 50,000 free books, millions of works available for subscription, and audiobooks in 19 languages. [18]

The company produces original content in Latin America, and in the Balkans under the Bookmate Originals brand. [18]

In addition, Bookmate Journal is published online in Denmark and Serbia. [20] [21]

Partnerships

Bookmate partners with mobile operators and original equipment manufacturers such as Indosat in Indonesia, StarHub in Singapore, [4] Kcell in Kazakhstan, [22] Azercell in Azerbaijan and Tigo in Latin America [23] for preinstalls and carrier billing on mobile phones and other mobile devices. [9] [24]

Bookmate works with a large number of publishers and content aggregators around the world, including Egmont, [25] Macmillan, Gardners, Bookwire, PublishDrive, Gyldendal, Libranda, Bloomsbury, Findaway, Laguna, Parkstone International and others. [26]

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References

  1. ↑ Lebedeva, Valeria (June 30, 2022). ""Яндекс" купил технологию "Букмейта"" [Yandex acquired Bookmates’ technology] (in Russian). Kommersant . Retrieved February 23, 2023.
  2. ↑ Hoffelder, Nate (2014-06-01). "Bookmate & Scribd: Two very Different Business Models for Subscription eBooks". The Digital Reader. Retrieved 2023-08-24.
  3. 1 2 Carpenter, Caroline (October 2, 2014). "Bookmate launches new subscription reading app". The Bookseller . Archived from the original on April 18, 2015. Retrieved February 21, 2023.
  4. 1 2 3 "E-book service Bookmate begins SEA chapter with StarHub". Digital News Asia.
  5. ↑ Mike Butcher. "E-Book Platform Bookmate Secures $3M To Target Emerging World". TechCrunch. AOL.
  6. 1 2 "Bookmate raises $3 million in Series A funding". TeleRead. Archived from the original on 2015-08-23.
  7. ↑ Glynn, James (November 20, 2013). "Russian App Wants E-Book Piracy To End, Happily Ever After". NPR . Retrieved February 23, 2023.
  8. ↑ Clark, Liat (March 9, 2014). "These startups are disrupting the publishing industry". Wired UK . Retrieved February 23, 2023.
  9. 1 2 Campbell, Lisa (August 25, 2015). "Bookmate expands to Indonesia, partners with Indosat". The Bookseller . Retrieved February 21, 2023.
  10. ↑ Gigena, Daniel (July 3, 2020). "Por la cuarentena, se leen más ebooks en el país y en América Latina" [Due to the quarantine, more ebooks are read in the country and in Latin America] (in Spanish). La Nación . Retrieved February 23, 2023.
  11. ↑ "Ирландские владельцы приложения цифровых книг Bookmate уходят из России". Vedomosti (in Russian). August 22, 2022. Retrieved February 23, 2023.
  12. ↑ "Russian Justice Ministry declares Bookmate and TV Rain founder foreign agents". Meduza . Retrieved 2023-02-16.
  13. 1 2 3 4 Selizarova, Varvara; Demidkina, Ksenia (November 10, 2022). "Что будет с Bookmate в России после признания ее иноагентом и продажи "Яндексу"" [What will happen to Bookmate in Russia after being recognized as a foreign agent and sold to Yandex] (in Russian). Forbes Russia. Retrieved February 23, 2023.
  14. ↑ ""Ну и аудиторию жалко" Руководители Bookmate Алексей Докучаев и Андрей Баев выпустили квир-бестселлер "Лето в пионерском галстуке" — и были объявлены "иноагентами". Мы с ними поговорили". Meduza (in Russian). Retrieved 2023-02-16.
  15. ↑ ""Яндекс" купил технологию "Букмейта"". www.kommersant.ru (in Russian). 2022-06-30. Retrieved 2023-02-16.
  16. ↑ "Bookmate, a Spotify for books, launches in Singapore". Tech in Asia.
  17. 1 2 Tay, Daniel (December 26, 2014). "All the books you'll ever need on Bookmate? Not quite (REVIEW)". Tech in Asia . Retrieved February 21, 2023.
  18. 1 2 3 "Incursionan en bookmate, el Netflix de los amantes de la lectura". La Razón (Mexico) (in Spanish). Retrieved 2023-02-16.
  19. ↑ "Bookmate adds HC for English push". thebookseller.com.
  20. ↑ "Bookmate lancere ny platform uden algoritmer". Bogmarkedet (in Danish). April 19, 2021. Retrieved 2023-02-16.
  21. ↑ "Dejan Katalina, dobitnik nagrade Zlatni hrast: Kako su nastali "Hitovi poznog kapitalizma"..." Headliner. 2023-01-25. Retrieved 2023-02-16.
  22. ↑ Kcell. "Listen, Watch and Read together with activ". kcell.kz. Archived from the original on 2016-02-23. Retrieved 2016-02-16.
  23. ↑ Ellen Harvey. "Bookmate Launches Its Subscription Service in Latin America". Book Business.
  24. ↑ Roem.ru (6 May 2014). "Bookmate и Zvooq встроят в Ulmart". roem.ru.
  25. ↑ Adamowski, Jaroslaw (2020-05-07). "Denmark's Saga Egmont on Its Acquisition of Spain's Sonolibro". Publishing Perspectives. Retrieved 2023-02-16.
  26. ↑ ""Яндекс" покупает лицензию на использование технологической платформы Bookmate". Ведомости (in Russian). Retrieved 2023-02-16.
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