(«Legible” or the “Company”) is pleased to announce the launch of its Rest of World eBookstore, adding content for sale in the UK and Ireland. This initiative spearheads Legible’s strategic expansion into international English-speaking markets. In 2021, UK digital book sales alone generated GBP 3.2 billion. By expanding into these markets Legible will be able to accelerate both readership and revenues. Access to additional global markets is forthcoming.
Legible Takes eBookstore Global
“Expanding access to Legible’s award-winning titles from globally recognized publishers and distributors on our browser-first, device agnostic platform will unlock additional revenue and broaden market reach for both Legible and our eBook partners,” stated Kaleeg Hainsworth, Legible’s CEO and President. “This is the next step in Legible’s mission to transform the way people access and enjoy books, anytime, anywhere.”
The addition of the Rest of World eBookstore is just one of several revenue streams that Legible is deploying to gain market share and drive toward profitability in 2022.
In April, Legible released Bookshelves, a social feature which allows account holders to create shareable libraries including Sponsored Bookshelves, Legible’s new B2B bespoke commercial service. Sponsored Bookshelves offer branding and marketing opportunities for major organizations keen to promote key reading selections, create new forms of customer engagement, and participate in literary events such as book awards. In early May, Legible partnered with global literacy organization Room to Read to launch its first Bookshelf, ensuring every child with access to a browser-enabled device can access beautiful, fun, animated eBooks.
Earlier this month, Legible launched Legible Publishing Services, a digital development, and conversion service that creates ‘born-accessible’ eBooks and remediates existing eBooks to improve their accessibility, as well as develop media-rich (video, audio, animation, augmented reality) “Living Books” – exclusive and original to Legible. Legible is in discussions with multiple companies to enter into new partnerships and unique publishing opportunities with Legible.
Legible is currently developing its Audiobooks offering, to be offered first for a la carte purchase and then as part of Legible’s Unbound Subscription Offering, which will provide unlimited access to Legible’s subscription catalogue.
Each of these revenue sources will be supported by robust marketing campaigns, designed to generate revenue and global brand recognition for the Legible eReading Entertainment Platform.
“Legible’s primary focus for the coming months is to capitalize on our strategic investment in planning, marketing strategy and product development as we launch and maximize our multiple revenue streams,” said Hainsworth. “We are poised to take Legible to the next level.”
