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B&N.com buys Fictionwise

Teleread reports that B&N.com has bought Fictionwise for $15.7 million:

The actual transaction is notable for who did not buy Fictionwise: a company like Amazon or Ingram that might have ended Fictionwise’s nonDRMed multiformat releases...[T]this could also be good news for the ePub standard, which will be the core format for a reinvented eReader.

What’s more, if the Pendergrasts’ vision remains, eReader will be available for Linux, complete with DRM capabilities for publishers that insist on “protected” books.

The fact that Amazon or Ingram didn’t buy Fictionwise also could be good news for Stanza and other e-reader vendors interested in licensing Fictionwise’s DRM.

Of all the major DRM systems, tthe one in Fictionwise’s eReader softare could well be among the gentlest, allowing you to copy a book to an unlimited number of your own devices–unlike systems from, say, Mobipocket.

Fictionwise DRM uses encrypted credit card numbers as a way to discourage copying.

All good things. And an encouraging sign from B&N that they are not ignoring this market.

 

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