Digital book revenues in the United States were up 0.6% in 2023, generating $1.0 billion. Digital audiobooks are the fastest-growing segment in digital publishing, and sales were up 14.9%, reaching $864.0 million in revenue. Physical Audio was down 16.2%, coming in at $12.9 million; this shows that digital audiobooks are killing off the tape and CD market.Trade revenues … [Read more...] about eBook revenues were up in 2023 and generated $1.0 billion
Digital Publishing News
Al Pacino to Publish Memoir
AI Pacino (Alfredo James Pacino), the legendary American actor is set to release his memoir Sonny Boy in October this year. The actor’s highly anticipated new book will be published by Penguin Press.The memoir will cover the 83-year-old Oscar-winning actor’s childhood in New York and his upbringing by his mentally unwell mother. It also talks about Pacino’s young friends in … [Read more...] about Al Pacino to Publish Memoir
Book Publishing in Modern Times
Traditionally, authors would pass through judgements in the publishing world for getting their books published and distributed. In old times, it was a challenge for authors to market or produce their books without the help of a book publisher.But things have changed now in modern times. The growth of the internet and marketing digitalization, authors can now overcome many … [Read more...] about Book Publishing in Modern Times
Why Print Books Have Blank Pages
You must have noticed blank pages in both paperback and hardcover books. But have wondered what is the purpose of these blank pages? On top of that, why don’t ebooks have blank pages like that?Well, blank pages in print books can be intentional, for example, for allowing authors to sign or for readers to make notes. Intentional empty pages In hardcover books, the first … [Read more...] about Why Print Books Have Blank Pages
Boom in Graphic Adaptation of Middle Grade Books
Image credit: Publishers Weekly Middle grade graphic novel category is becoming popular in recent years. As a result, the number of graphic adaptations of middle grade books has also exploded. That’s because graphic adaptations bring older stories to life and expand the audience. In fact, such graphic novels have gained acceptance among educators, parents, and librarians also. … [Read more...] about Boom in Graphic Adaptation of Middle Grade Books
Inkitt AI Self-Publishing Platform Nabs $37M
Image credit: Inkitt Inkitt is a brand-new self-publishing platform that allows people self-publish stories. Then, it uses AI and data science to select the most compelling stories. Finally, it tweaks, distributes and sells those stories on a second app Galatea.Now, it’s raised $37 million in aid of that ambition. The startup has already attracted 33 million users … [Read more...] about Inkitt AI Self-Publishing Platform Nabs $37M
200+ Million Digital Piracy Instances Removed in 2023
Piracy is a major issue for digital publishers including Kakao Entertainment's subsidiary Tapas Entertainment, which focuses on publishing webcomics and web novels. For publishers that make their money off of clicks and microtransaction coins, having the same content being uploaded elsewhere for free on the same day without the owners' permission can have long-term consequences … [Read more...] about 200+ Million Digital Piracy Instances Removed in 2023
Tell us what you think: Survey on A.I. Training
The rapid progression of Artificial Intelligence has led to new and unprecedented circumstances for societies around the world. Generative technologies have been thrust into multiple sectors of life; business, law, education, content creation, writing and journalism- to name a few.As such, we are now faced with complex legal and moral issues surrounding AI's ingestion of … [Read more...] about Tell us what you think: Survey on A.I. Training
Pocket FM launches Pocket Novel
Pocket FM is to launch of Pocket Novel to build it as India’s largest online reading platform and the default destination for the Indian writers’ community. The audio series platform also announces an investment of US$40 million to solidify its presence in the literary world.With this launch, Pocket Novel is intended to play a key role in unlocking opportunities and … [Read more...] about Pocket FM launches Pocket Novel
Book Publishing in Sri Lanka Faces Crisis
The imposition of VAT (18%) on books publishers in Sri Lanka results in the loss of thousands of jobs. Publishers say that about 30 percent of bookstores have shut down because of the country’s economic crisis.Before January 2024, there has been no taxes no books, and Sri Lanka’s book publishing industry was in crisis even before the VAT imposition. The cost of book … [Read more...] about Book Publishing in Sri Lanka Faces Crisis
MindStir Media: Pioneering Self-Publishing in the USA
MindStir Media is the leading provider of self-publishing and book marketing services in the United States. Bestselling author and award-winning entrepreneur J.J. Hebert founded the organization. The platform is intended to give authors all the necessary tools to share their work with the world. This year, MindStir Media has celebrated its 15th anniversary.J.J. Hebert … [Read more...] about MindStir Media: Pioneering Self-Publishing in the USA
eBook revenues were down 3.2% in November 2023
In one month, we will understand precisely how digital audiobooks and ebooks performed in the United States in 2023. Digital book revenues were down 3.2%, generating $81.8 million in sales. The Digital Audio format remained 15.3% for November, generating $81.1 million in revenue. Physical Audio was down 23.8%, coming in at $1.3 million. Year-to-date eBook revenues were down … [Read more...] about eBook revenues were down 3.2% in November 2023
European Publishers To Get AI Act Approved
Image credit: edf-feph.org The European Union’s “AI Act” was approved in December. The AI act is a part of EU’s digital strategy and is meant to regulate the AI usage to ensure better use of the technology.Recently, the Federation of European Publishers in Brussels has released a statement on behalf of creators and rights holders, calling on “member-states of the European … [Read more...] about European Publishers To Get AI Act Approved