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ABEBOOKS.COM LAUNCHES FIRST ‘WEB 2.0’ BOOK RECOMMENDATION SYSTEM BASED ON THE COLLECTIONS OF LIBRARYTHING.COM MEMBERS
(Victoria, BC – 5 March 2007) Internet bookselling took a step closer to the Web 2.0 revolution today after AbeBooks.com introduced a new online book recommendation system called BookHints based upon titles owned, read and enjoyed by members of LibraryThing.com – the leading social networking and book cataloging site for bibliophiles.
AbeBooks.com - the world’s largest online marketplace for new, used, rare and out-of-print books -purchased a 40 per cent stake in LibraryThing.com in 2006 in order to access the unique data about books created by LibraryThing’s worldwide community of more than 155,000 dedicated readers.
At LibraryThing, more than 10 million books from the personal libraries of booklovers have been cataloged, tagged (a short but personal descriptive term rather than traditional library or bookstore classification) and rated out of five. This data powers the BookHints system now found on AbeBooks.com and also AbeBooks.co.uk (its UK website).
BookHints currently creates recommendations for 10 per cent of AbeBooks’ 100 million listings. Designed specifically for people who want to browse for their next read, BookHints generates recommendations based upon titles found on the bookshelves of like-minded readers who also own the book originally sought.
After clicking on an AbeBooks listing that has been matched to LibraryThing data, the visitor sees from three to six recommendations beneath the original listing depending on how many LibraryThing members own the book. BookHints only displays two further titles by the author of the book first searched for to ensure a diverse set of suggestions.
The number of possible recommendations will increase as more information from LibraryThing is added during 2007. Currently, only books with ISBNs are incorporated into the system.
“BookHints is a real break-through in bookselling. It’s the first time that unique information created by an online community has been directly applied to retailing,” said Boris Wertz, COO of AbeBooks.com. “BookHints is based upon the libraries of true bibliophiles so our visitors, who are also heavy readers, will see very useful recommendations. We’re simply showing what like-minded people own and read but it took the emergence of LibraryThing and social networking to finally capture this information.”
For example, a search for Jodi Picoult’s The Tenth Circle produces recommendations for two further Picoult books (Vanishing Acts and Picture Perfect), The Memory Keeper’s Daughter by Kim Edwards, Anita Shreve’s Wedding in December, We Are All Welcome by Elizabeth Berg and The Mermaid Chair by Sue Monk Kidd.
LibraryThing.com’s passionate community has been cataloging books from almost every genre imaginable since the site’s launch in August 2005 - more than a million books are cataloged each month. More than 13 million tags have been added and some of the personal libraries cataloged stretch into thousands of books. Members rarely catalog a book they dislike and the average rating for a book is almost four out of five stars.
Richard Davies, PR & Publicity Mgr., AbeBooks Office Ph: 250-412-3238 Email email@example.com
AbeBooks.com is the world’s largest online marketplace for books, with over 100 million new, used, rare, and out-of-print titles listed for sale by thousands of independent booksellers from around the world. AbeBooks has millions of customers who collectively purchase up to 25,000 books a day from its 5 global websites (AbeBooks.com, AbeBooks.co.uk, AbeBooks.de, AbeBooks.fr and Iberlibro.com). A true internet success story, AbeBooks.com has been selling books online since 1996, and is a private company based in Victoria, BC Canada, with offices in Germany and Spain. Internet Retailer magazine ranked AbeBooks at No. 67 among North American online retailers in June 2006.
LibraryThing.com is the leading social networking site for booklovers. LibraryThing's 150,000 members have cataloged over 10 million books. Because members catalog online, they also catalog together, creating a vibrant web of connections between members and books. LibraryThing began in August 2005 and is headquartered in Portland, ME. In May 2006, AbeBooks.com acquired a 40% stake in LibraryThing. PC Magazine named LibraryThing as one of its "Best of the Year" under "Apps that run on the Net" (Dec. 2006).