SEATTLE, Oct 30, 2001 -- Amazon.com (Nasdaq:AMZN) today announced it has launched a new store, Magazine Subscriptions, offering customers a simple way to find, discover and subscribe to their favorite magazines at Amazon.com.
Customers can easily access the Magazine Subscriptions store by clicking the Magazine Subscriptions link on the Amazon.com directory page (www.amazon.com/directory).
Amazon.com's Magazine Subscriptions store features a wide range of national, regional and enthusiast publications at significant savings off the newsstand prices. Customers can delve into current events with a Time subscription at 77 percent off the newsstand price; stay abreast of the latest in pop culture, music celebrities and politics with a Rolling Stone subscription at 88 percent off the newsstand price; or gear up for this year's college bowl games with a subscription to Sports Illustrated at 68 percent off the newsstand price.
The addition of magazine subscriptions to Amazon.com's product selection also provides customers with even more gift options this holiday season. Customers gifting a magazine subscription can have Amazon.com mail the recipient a complimentary gift card featuring the subscription information and a personalized message from the gift giver. And for last-minute holiday shoppers, Amazon.com offers electronic gift cards, which can also be personalized with a holiday greeting and the subscription details. Amazon.com e-cards are free of charge and arrive within hours of being sent.
"Particularly as we enter the holiday season, customers are looking for simple shopping solutions that provide broad selection and great value," said Steve Kessel, general manager of Amazon.com's Books, Music, Video and DVD segment. "With our new Magazine Subscriptions store, we're making it even easier for Amazon.com customers to find and discover whatever they're looking to buy online, and creating an effective new channel for publishers by surfacing relevant magazines for our customers across the Amazon.com Web site."
"We're delighted to be working with Amazon.com to offer our titles to their customers," said Gene Foca, vice president of marketing for Time, Inc. "Amazon.com's ability to connect the right product with the right customer at the right time is a smart way to sell magazines and attract subscribers."
In addition to browsing Amazon.com's full magazine selection in the Magazine Subscriptions store, customers will discover relevant magazines alongside products across the Amazon.com site. Gamers visiting Amazon.com's Computer & Video Games store to pre-order an Xbox can easily toss a subscription to Official Xbox Magazine in their Shopping Cart, just as customers shopping in Amazon.com's Kitchen & Housewares store will find a subscription to Bon Appetit just a click away.
About Amazon.com
Amazon.com opened its virtual doors on the World Wide Web in July 1995 and today offers Earth's Biggest Selection, along with online auctions and free electronic greeting cards. Amazon.com seeks to be the world's most customer-centric company, where customers can find and discover anything they might want to buy online. Amazon.com and sellers list millions of unique new and used items in categories such as electronics, computers, kitchen and housewares, books, music, DVDs, videos, camera and photo items, toys, baby and baby registry, software, computer and video games, cell phones and service, tools and hardware, travel services, and outdoor living products. Through Amazon Marketplace, zShops and Auctions, any business or individual can sell virtually anything to Amazon.com's more than 38 million customers (cumulative customer accounts), and with Amazon.com Payments, sellers can accept credit card transactions, avoiding the hassles of offline payments.
Amazon.com operates four international Web sites: www.amazon.co.uk, www.amazon.de, www.amazon.fr and www.amazon.co.jp. It also operates the Internet Movie Database (www.imdb.com), the Web's comprehensive and authoritative source of information on more than 275,000 movies and entertainment titles and 1 million cast and crew members dating from the birth of film.
This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results may differ significantly from management's expectations. These forward-looking statements involve risks and uncertainties that include, among others, Amazon.com's anticipated losses, significant amount of indebtedness, competition, strategic alliances, strategic partnerships and business combinations, seasonality, potential fluctuations in operating results and rate of growth, management of potential growth, risks of system interruption, international expansion, consumer trends, risk of fulfillment center optimization, inventory risks, limited operating history, risks related to fraud and Amazon.com Payments, and risks of new business areas. More information about factors that potentially could affect Amazon.com's financial results is included in Amazon.com's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2000, and all subsequent filings, including Quarterly Reports on Form 10-Q.