Comixology not to share app revenue with Apple, Google

ComicsComixology, a leading digital-comics marketplace and reader has said that it is upgrading its apps and it will no longer share the revenues from app purchaes with Apple and Google.

The techbology giants take a percentage of revenues from in app purchases from the app developers. Comixology updated its Comics apps for Android and iOS on Saturday following thr acquisition by Amazon in a deal for an undisclosed amount.

After the changes to the app, Comixology will be able to retain back a significant portion of its sales that were diverted to the two firms. The two were taking a 30 per cent share for the every comic sold in the apps.

Most new comics are sold for the same price on a digital form and in print, at about $2.99 to $3.99. Digital comics have been growing in importance and for some leading firms, it now accounts for around 15 percent new comics revenue. Comixology is also offering all its current users a $5 credit along with the update.

Comixology's move will strengthen its profitability in the market and also be a major case of a develop not agreeing to the terms set by the App store makers.