The news is here. Below are notes from the conference call announcing the deal. William Lynch, president of BN.com, was the exec on the call:
—First entered into the e-book market in 2001, but it didn’t work as the market was too early.
—The e-book doesn’t work with Amazon (NSDQ: AMZN) Kindle and Sony Reader. They will add more devices for support in the next month.
—Currently e-books are excluded from its usual B&N loyalty program, but will consider it.
—Plastic Logic: the deal is only about an e-book store from BN. No comment on whether BN will have a distribution deal with the company.
—The 700K books number includes the Google open-domain books.
—Won’t allow printing of the e-books, but that’s because of industry-wide copyright requirements rather than a BN issue.
—The book format: the industry standard is ePub, and that’s what they will support.
—Focused on the U.S. market. Nothing on international yet.
By Rafat Ali