Get our rare newsletters
Contact GoalEuropeIf you have questions or need a consultation, get in touch.
Polish Legimi, founded in 2009, offers a new approach to consume books. For a monthly fee of less than 5 euros, subscribers can gain access to a library of more than 2000 electronic books or, for the typical ebook price, users can access as many titles as they like, sharing a business model with Spotify. Spanish 24symbols and US-based Oyster are two the primary competitors in this market at the moment.
As is typical with services that provide multimedia content, its producers and distributors must reach an agreement for the service to really work. In this case, Mikolaj Malaczynski, the CEO of Legimi, tells me that his company offers a couple of services: users can opt to pay full price for a particular ebook or they can opt to become subscribers to the site. When users opt for the stand-alone book, they receive a small portion of the book free. Malaczynski says that when users exceed the free portion and pay for the full price of the book, his company then passes the revenue on to the publisher.
Currently, users can access content through the company’s iPad app (the service will eventually expand to more platforms). Subscribers can access offline, downloaded materials through the company’s iOS app, but they cannot be shared. Malaczynski says that his company’s iOS app occupies the top position in the book section of the Polish AppStore. As Legimi targets a Polish audience, their website is currently only available in the Polish language.
Backed by Poznan-based SpeedUp Group, Legimi is currently focused on the Polish market, but I’ve been told that they may expand their footprint by 1-2 countries, depending on how market reacts.
+44 (020) 3290 3544
vita at goaleurope dot com