By acquiring comiXology, Amazon is poised to revolutionize the comics industry.
Amazon has acquired comiXology, the popular cloud-based digital comics platform. Dubbed as the iTunes of comics, comiXology amassed over 200 million downloads last year. Its massive library, estimated to be more than 40,000, are all available on the web, iOS, Android, and Windows Phone.
Amazon declined to discuss the terms of the deal, but comiXology CEO David Steinberger said that the company will retain its identity as an Amazon subsidiary.
In a letter today, Steinberger emphasized comiXology's goal of making every person a comics fan. He added that the ambitious goal is now more possible with Amazon's help.
“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,” Steinberger said.
Meanwhile, David Naggar, Amazon's Vice President for Content Acquisition and Independent Publishing, reaffirmed Amazon's commitment to reinvent digital reading.
“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, ” Naggar said.
If everything goes well, the acquisition is expected to close in the second quarter this year. comiXology was founded in 2007 by CEO David Steinberger, CTO John D. Roberts, and Peter Jaffe.