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OverDrive, Inc.
OverDrive, Inc. is a worldwide digital distributor of ebooks, audiobooks, online magazines and streaming video titles. The company provides digital rights management and download fulfillment services for publishers, public libraries, K–12 schools, colleges, universities, corporations, legal industries, and formerly retailers.
The largest commercial provider of ebooks, audiobooks, and other digital content such as streaming videos in the world, a 2023 report estimated its market share as perhaps being upwards of 90%.:11 OverDrive operates the ebook and audiobook app Libby, the video streaming app Kanopy and the educational app Sora.
OverDrive was founded in 1986 and originally converted analog media to digital formats, such as interactive diskettes and CD-ROMs. In 2000, the company opened Content Reserve, an online eBook and downloadable audiobook repository from which its distribution business developed.
Before entering the library market, OverDrive distributed eBooks to online stores. In 2002, OverDrive was selected as the distributor of HarperCollins’ eBooks to the publisher's online retail stores. OverDrive launched web stores for Harlequin Enterprises in 2005. In 2008, OverDrive announced that it would provide download services for Borders Books.
On September 21, 2011, OverDrive began supporting Kindle public library book borrowing.
In 2012, the company announced a series of service upgrades, including a browser-based eReader, and audiobook streaming, which enabled access to audiobooks via the company’s OverDrive Media Console app. The company also developed a media station, which allows users to browse their library's digital collection on touchscreen monitors and internet workstations. An API is available which allows developers to integrate OverDrive content into various apps and platforms. The company announced a partnership with LexisNexis to provide the LexisNexis Digital Library, a customized eLending platform for the legal library market. Nokia partnered with OverDrive to launch Nokia Reading, an eReading app and service for Nokia's Lumia 900, 800, 710, and 610 Windows Phone devices.
In 2014, OverDrive completed its headquarters in the Cleveland suburb of Garfield Heights, Ohio.
In April 2015, Rakuten bought OverDrive for $410 million, with the deal set to close in April 2015. OverDrive CEO Steve Potash remained in his position and OverDrive kept its name while operating under Rakuten USA.
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OverDrive, Inc.
OverDrive, Inc. is a worldwide digital distributor of ebooks, audiobooks, online magazines and streaming video titles. The company provides digital rights management and download fulfillment services for publishers, public libraries, K–12 schools, colleges, universities, corporations, legal industries, and formerly retailers.
The largest commercial provider of ebooks, audiobooks, and other digital content such as streaming videos in the world, a 2023 report estimated its market share as perhaps being upwards of 90%.:11 OverDrive operates the ebook and audiobook app Libby, the video streaming app Kanopy and the educational app Sora.
OverDrive was founded in 1986 and originally converted analog media to digital formats, such as interactive diskettes and CD-ROMs. In 2000, the company opened Content Reserve, an online eBook and downloadable audiobook repository from which its distribution business developed.
Before entering the library market, OverDrive distributed eBooks to online stores. In 2002, OverDrive was selected as the distributor of HarperCollins’ eBooks to the publisher's online retail stores. OverDrive launched web stores for Harlequin Enterprises in 2005. In 2008, OverDrive announced that it would provide download services for Borders Books.
On September 21, 2011, OverDrive began supporting Kindle public library book borrowing.
In 2012, the company announced a series of service upgrades, including a browser-based eReader, and audiobook streaming, which enabled access to audiobooks via the company’s OverDrive Media Console app. The company also developed a media station, which allows users to browse their library's digital collection on touchscreen monitors and internet workstations. An API is available which allows developers to integrate OverDrive content into various apps and platforms. The company announced a partnership with LexisNexis to provide the LexisNexis Digital Library, a customized eLending platform for the legal library market. Nokia partnered with OverDrive to launch Nokia Reading, an eReading app and service for Nokia's Lumia 900, 800, 710, and 610 Windows Phone devices.
In 2014, OverDrive completed its headquarters in the Cleveland suburb of Garfield Heights, Ohio.
In April 2015, Rakuten bought OverDrive for $410 million, with the deal set to close in April 2015. OverDrive CEO Steve Potash remained in his position and OverDrive kept its name while operating under Rakuten USA.