Rendezvous with Readeo
By Karen Springen
Feb 25, 2010

With 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.

Readeo 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.

John 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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