In 2020, it was revealed that Italian book publishers are losing €528M to piracy every year. But recently, the amount of the loss has increased from €528M to €705M annually.As reported by Publishing Perspectives, Italy’s book industry is facing a big challenge due piracy. The Association of Italian Publishers commissioned the market research firm IPSOS to study the impact … [Read more...] about Italy’s Book Industry Losing €705M Yearly to Piracy
Business News and Statistics
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
Publishers Seek Support for UK Book Industry
UK book publishers have called on ministers to support the growth of the country’s £11bn industry with tax cuts and policies to encourage exports. The Publishers Association, which represents the interest of HarperCollins, Bloomsbury, Pearson, Pan Macmillan and Penguin Random House, has conducted research about the value of publishing. The Publishers Association said that the … [Read more...] about Publishers Seek Support for UK Book Industry
Authors Sue NVIDIA for Copyright Infringement
NVIDIA, whose chips help power artificial intelligence (AI) application, is facing a lawsuit from three authors. The authors, including Brian Keene, Abdi Nazemian, and Stewart O'Nan, claim that the chip-manufacturing company used their copyrighted books to train its NeMo AI platform. They say their works were part of a dataset of about 196,640 books that trained NeMo to mimic … [Read more...] about Authors Sue NVIDIA for Copyright Infringement
Authors Equity: A New Profit-Sharing Publishing Company
Image credit: Publishers Weekly In the US, three former executives from Penguin Random House (PRH) and Macmillan have launched a new publishing company named Authors Equity, as reported by Publishers Weekly.Former PRH US CEO Madeline McIntosh, former Macmillan CEO Don Weisberg, and former PRH US president and director of strategic development US Nina von Moltke are … [Read more...] about Authors Equity: A New Profit-Sharing Publishing Company
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
Dr. Seus partners with the NFL to tackle reading
Dr. Seuss Enterprises and Creative Minds Publications will soon be teaming up with the NFL for the 8th annual Tackle Reading event. Tackle Reading events are assembly-style celebrations held during the week of Dr. Seuss’s Birthday, and are designed to inspire children at underserved schools to fall in love with reading. At each of the events a current or alumnus NFL player … [Read more...] about Dr. Seus partners with the NFL to tackle reading
Booktopia Reports Record Low
Booktopia has revealed that soft demand and a transition to a new facility has had adverse effects on sales revenue. Booktopia has released a trading update that reveals the online bookstore has had significantly reduced sales YoY.“Following the conclusion of the second quarter which traditionally delivers the largest proportion of the Company’s annual profit, results were … [Read more...] about Booktopia Reports Record Low
Bloomsbury Makes Profit Due to Sarah J Maas
Shares in Bloomsbury Publishing reached the peak as the group best known for backing JK Rowling’s Harry Potter series hailed fantasy author Sarah J Maas as a “publishing phenomenon” helping to turbocharge its sales and profits. The London-headquartered group raised its profit outlook for the second time in three months due to growing demand for its fantasy novels, led by those … [Read more...] about Bloomsbury Makes Profit Due to Sarah J Maas
Indigo Gets a Buyout Offer
In a brief statement, Indigo reported that it has received a buyout proposal in early February from Trilogy Retail Holdings Inc. and Trilogy Investments L.P. to acquire all of the common shares of Indigo that Trilogy does not already own.The two Trilogy firms are personal holding companies of Gerald Schwartz. Schwartz is already a company insider as he sits on Indigo's … [Read more...] about Indigo Gets a Buyout Offer
PRH Leads Children Picture Book Bestsellers
Penguin Random House (PRH) is the leader among publishers on PW’s picture book bestseller lists. In 2023, the publisher strengthened its grip, nabbing 40% of total available list positions, up from 33% in 2022.In 2023, PRH landed 72 titles on the list, and those titles occupied 519 positions. Eric Carle’s classic The Very Hungry Caterpillar was on the list for the entire … [Read more...] about PRH Leads Children Picture Book Bestsellers
Bookwire Acquires Bookrepublic’s Distribution Business
The Frankfurt-based Bookwire has acquired Marco Ferrario’s Bookrepublic‘s distribution service based in Italy. Since its inception in 2010, Bookwire’s expansion has moved beyond Germany to Mexico, Brazil, France, Spain, the United Kingdom, and the United States. It’s originally an eBook distributor. But today, Bookwire also produces and distributes audiobooks. It also avails … [Read more...] about Bookwire Acquires Bookrepublic’s Distribution Business
RBmedia Acquires Berrett-Koehler Audiobook Publishing Business
Today, RBMEDIA has announced the acquisition of Berrett-Koehler’s audiobook publishing business, which includes its catalogue of previously published titles, as well as a multi-year agreement to become the exclusive audio publisher for Berrett-Koehler’s new titles beginning in 2024. Berrett-Koehler’s catalogue of hundreds of business, social justice, and personal development … [Read more...] about RBmedia Acquires Berrett-Koehler Audiobook Publishing Business