Rendezvous with Readeo

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Feb25ReadeoLogoWith a new subscription site called Readeo.com, which launches this week, children and adults in different cities can see live video of each other sharing digital picture books. All that's missing: snuggling while reading the stories.

So far four publishers—Candlewick Press, Simon & Schuster, Chronicle Books, and Blue Apple Books—are licensing titles to Chicago-based Readeo. In return, they receive an undisclosed percentage of Readeo's revenues-and expose their books to a new audience.

Feb25ReadeoHomeScreenReadeo will charge members $9.95 per month, or $99.95 per year, for unlimited viewing of all books on the site. Coby Neuenschwander. founder and CEO of Readeo, declined to estimate how many subscribers he expects by the end of the year. But he noted that 22.5 million U.S. families have children ages eight and younger (his picture book audience). "There are 70 million grandparents in the U.S. and many divorced families, military, and traveling business people who are not regularly with the children they care about," he said.

That audience appealed to publishers who heard Readeo's pitch. "Everyone who was in the room either could use it themselves or knew someone who could use it," said Paul Crichton, director of publicity for Simon & Schuster Children's Publishing.

Another selling point: Readeo's editor, Jenny Brown. Brown, formerly a children's book editor at HarperCollins and children's reviews editor at Publishers Weekly, is currently children's editor of the Shelf Awareness newsletter.

Feb25ReadeoBookChatJohn Mendelson, senior v-p of sales and digital initiatives for Candlewick Press, isn't worried about cannibalizing his print stories for kids under eight. "New people might discover our titles through this platform and might discover they want the physical book for their home library," he said. "We see this as a new market for our books." He and other publishers are not signing exclusive deals with Readeo. "We see it as but one possible mate in the digital marketplace," said Mendelson.

Anyone with a webcam can test the site with a free look at Readeo's book of the month—Chris Van Dusen's The Circus Ship. So far only 35 other titles are available, to subscribers only. But Readeo plans to expand its offerings as it adds publishers and as its partners work through digital-rights issues.

Readeo's competitors include Ripple Reader, which launched last fall, and lets adults record picture books so kids can listen to their voices over and over again; and A Story Before Bed, which lets adults record audio and video of themselves reading picture books that kids can watch any time, and which recently signed a deal with San Francisco publisher Immedium.

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