Samsung Galaxy Tab 4 Nook Tablet Announced
Samsung and Barnes & Noble Announce Partnership to Create Co-Branded Tablets
Samsung Galaxy Tab 4 NOOK Combines Leading Samsung Tablet Technology with the Award-Winning NOOK Reading Experience
New York, NY & Ridgefield Park, NJ June 5, 2014 Samsung Electronics America and NOOK Media, a subsidiary of Barnes & Noble, Inc. (NYSE: BKS), today announced a partnership to develop co-branded Samsung Galaxy Tab 4 NOOK tablets that feature the award-winning Barnes & Noble digital reading experience.
The co-branded devices will combine popular Samsung Galaxy Tab 4 hardware with customized NOOK software to give customers powerful, full-featured tablets that are designed for reading, with easy access to Barnes & Nobles expansive digital collection of more than three million books, leading magazines and newspapers.
The companies are expected to introduce Samsung Galaxy Tab 4 NOOK in a 7-inch version in the U.S. in early August. The co-branded tablets will be prominently displayed along with NOOK eReaders and sold at Barnes & Nobles nearly 700 bookstores across the U.S. and online at bn.com, one of the leading e-commerce sites.
We are very excited and proud to partner with Samsung, a world-class technology and tablet leader, to create customized co-branded devices featuring our valuable NOOK reading experience and digital content catalog for Barnes & Noble customers nationwide, said Michael P. Huseby, Chief Executive Officer of Barnes & Noble, Inc. Standing behind these great new devices will be the power of our 40,000 Barnes & Noble booksellers combined with our deep bookselling and retail expertise to provide sales support and personalized in-store customer service for our lineup of new Samsung Galaxy Tab 4 NOOK products. Partnering with Samsung brings our customers great new products and evidences our commitment to our NOOK customers and growing our digital content business.
Mr. Huseby noted that the Company will continue to offer its NOOK GlowLight and continue to provide customer support for its millions of customers. He added that the partnership is a major milestone in Barnes & Nobles efforts to rationalize the NOOK business. Working with Samsung on co-branded tablets will allow the Company to reduce its exposure to the substantial cost structure and other financial commitments that accompany ownership of the hardware production aspects of the NOOK tablet business. Going forward, the Company will be able to focus on its proven expertise in acquiring and delivering the best digital reading experience to grow NOOK content sales.
Samsung has had a strong relationship with Barnes & Noble, offering the companys award-winning reading experience to users of Galaxy Tab products, said Tim Baxter, President of Samsung Electronics America. Samsung is dedicated to providing consumers with choices that best fit their lifestyle. So, we are excited to be taking this next step with Barnes & Noble to offer Galaxy Tab 4 devices that are tailored to the needs of their customers and enhance the NOOK reading experience.About Barnes & Noble, Inc.
Barnes & Noble, Inc. (NYSE:BKS) is a Fortune 500 company and the leading retailer of content, digital media and educational products. The company operates 663 Barnes & Noble bookstores in 50 states, and one of the Webs largest e-commerce sites, BN.com (www.bn.com). Its NOOK Media LLC subsidiary is a leader in the emerging digital reading and digital education markets. The NOOK digital business offers award-winning NOOK products and an expansive collection of digital reading and entertainment content through the NOOK Store (www.nook.com), while Barnes & Noble College Booksellers, LLC operates 696 bookstores serving over 4.6 million students and faculty members at colleges and universities across the United States.
About NOOK Media LLC
NOOK reading and entertainment products make it easy to Read What You Love, Anywhere You Like with a fun, easy-to-use and immersive digital reading experience. With NOOK, customers gain access to the expansive NOOK Store of more than 3 million (US) and 2.5 million (UK) digital books, plus periodicals, comics, apps, movies and TV shows, and the ability to enjoy content across a wide array of popular devices through Free NOOK Reading Apps available at www.nook.com/freenookapps. NOOK owners receive Always Free NOOK Support in any of Barnes & Nobles nearly 700 bookstores. Find NOOK devices in Barnes & Noble stores and online at www.nook.com, as well as leading retailers including Best Buy, Walmart, Target and many others. NOOK products are available in the United Kingdom at leading retailers; NOOK content can be purchased at www.nook.co.uk.