Bookmate, a subscription service for reading e-books, warned users about a change of operator. From April 17, instead of Yandex Music LLC, it becomes Yandex Plus LLC. For users everything will remain the same, but by law the company was obliged to report this.
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Bookmate was founded in 2010 by the British Simon Dunlop and the Russian Viktor Frumkin. At that time, the service became part of the Russian holding company Dream Industries (it also included the Zvooq music service and Theory&Practice media).
In November 2017, Bookmate acquired a 51% stake in independent publisher Individuum, and in December 2017, Dream Industries ceased operations. In 2020, Bookmate became a 65.5% owner of Popcorn Books.
In the summer of 2022, Yandex received the rights to the Bookmate brand in the CIS. Subsequently, the Irish owners of the Bookmate digital book service decided to leave the Russian market. In December, Yandex launched the Bookmate service for Yandex Plus users.
Author:
Karina Pardaeva
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
