Last week, Business Insider was reporting that Barnes and Noble had laid off its Nook hardware engineers, which would have effectively marked the end of the line for the Nook eReader, but Barnes and Noble says the story isn't accurate, and they will continue to make Nooks moving forward.
Barnes & Noble reiterated its commitment to the Nook Media business after the digital unit reported fiscal first-quarter revenues of $153 million, a 20.2 percent year-over-year decline.
Barnes & Noble is rolling out a suite of free Nook Video applications enabling consumers to view movies and television shows from the Nook library across a variety of mobile devices and streaming media players.
Barnes & Noble is opening its Nook e-reader platform to third-party electronics manufacturers, a move to limit overhead costs and reduce its losses in the competitive tablet segment.
Microsoft is offering $1 billion to acquire the digital assets of Nook Media, its joint venture with bookseller Barnes & Noble, TechCrunch reports.
Barnes & Noble is expanding Google Play support to its Android-powered Nook HD and Nook HD+ tablets, offering users access to more than 700,000 applications and games as well as millions of songs, movies and television programs. Nook owners were previously limited to downloading apps and content offered via the bookseller's own Nook Store.
Barnes & Noble is bolstering its Nook tablets and e-readers by preloading popular social networking applications Pinterest and Twitter as well as a revamped version of Facebook.
Barnes & Noble is partnering with mobile payment services firm Fortumo to offer in-app purchase capabilities across Android applications optimized for the bookseller's Nook tablets and e-readers.
Barnes & Noble is expanding its Nook Video movie and television catalog, announcing content licensing agreements with major Hollywood studios including Paramount Pictures, MGM, Lionsgate and Relativity Media. The bookseller has also inked video deals with National Geographic, digital entertainment distributor FilmBuff and Little Pim, which produces foreign-language instructional DVDs for children.
Barnes & Noble swung to steep quarterly losses stemming from declines in Nook tablet and e-reader sales during the holiday season.