Digital books platform 24symbols has signed an international distribution agreement with mobile services company Zed, with Zed also taking a 32% stake in the 24Symbols business.
24symbols, created by a Spanish team and launched in 2011, has been described as “the Spotify for books”, and allows readers access to thousands of titles through their browser of through apps for a subscription fee.
Javier Pérez Dolset, c.e.o. of Zed said: “This agreement with 24symbols means another step further for our company development strategy and consolidates our position as leaders.” It is the first time that Zed has worked to distribute e-books.
Aitor Grandes, c.e.o. of 24symbols, said: “This agreement gives 24symbols a new distribution channel through the carriers. From now on, we are going to be able to reach millions of users worldwide that can only access premium digital content through their carriers”.
Zed, a Spanish company, helps businesses to distribute, commercialise and promote products and service for mobile.