Digital book revenue in the United States increased for the second time this year in July 2023. Ebook revenues were up 2.3% for the month compared to July 2022 for a total of $83.7 million, and digital audiobooks remained up at 12.1% for July, coming in at $69.5 million in revenue. Physical Audio was up 4.7%, coming in at $1.0 million.On a year-to-date basis, ebook revenues … [Read more...] about ebook revenue increased by up 2.3% in July 2023
Business News and Statistics
Indigo’s founder, Heather Reisman, returns to top position
Canada's largest bookstore announced another reshuffling of its leadership team on Monday with founder Heather Reisman back in charge. Markus Dohle, Chair of the Board's Human Resources, Compensation and Governance Committee, said in the press release, "We know Heather's deep understanding of the Indigo brand as the country's leading voice on books and reading, and her … [Read more...] about Indigo’s founder, Heather Reisman, returns to top position
Internet Achieve is appealing its loss to publisher lawsuit
Today, the Internet Archive has submitted its appeal in its loss vs the lawsuit filed by major publishers. When the decision was handed down in March, the Internet Archive vowed that it would appeal the case and they have just done so. The company said "we know this won’t be easy, but it’s a necessary fight if we want library collections to survive in the digital … [Read more...] about Internet Achieve is appealing its loss to publisher lawsuit
Z-Library introduces new system to share print books
Z-Library is one of the most prolific article and ebook piracy sites online. They have over 12 million free ebooks available for download, and many people who don't want to pay for digital content use this service. The company is doing something entirely different; they are launching a book sharing' market, where its millions of users can pick up paperbacks at dedicated … [Read more...] about Z-Library introduces new system to share print books
Pan Macmillan Acquires Harriman House
Recently, Pan Macmillan announced the acquisition of Harriman House, one of the UK's leading independent publishers of finance, trading, economics, business, and investment books.Pan Macmillan is one of the largest publishers of general books, and it's based in the UK. Its imprints include MacMillan, Pan, Boxtree, Picador, Tor, Sidgwick & Johnson, Macmillan Children's … [Read more...] about Pan Macmillan Acquires Harriman House
eBook revenue was down 3.9% in June 2023
Digital book revenue in the United States slightly declined by 3.9%, generating $79.9 million in June 2023. There is always a slight slowdown in ebook sales in the summer since most people are either on holiday or working. They tend to increase in the new year when people start populating their new e-readers with digital content. Digital audiobooks saw a rise of 15.3% for June, … [Read more...] about eBook revenue was down 3.9% in June 2023
Amazon Bestselling Book Published 2 Days Into Maui Wildfires Raising Red Flags
How could a book about the Maui, Hawaii fires be written, edited, published and up for sale on Amazon already?About once a week I peruse Amazon for new books and releases. Imagine my shock when I came across a completed book on the August fires in Maui already up for sale? You know those fires... the ones still happening now? What on earth is going on?This is Fire and … [Read more...] about Amazon Bestselling Book Published 2 Days Into Maui Wildfires Raising Red Flags
How to Spot a Counterfeit Textbook
With students heading back to campus, life will soon be busy with all that is needed for getting ready for classes, including buying all the required textbooks. With high academic fees, many students are on a budget and often try to get second-hand copies of their books.There are many pros to buying a used textbook. Not only are they more affordable but it can easier to … [Read more...] about How to Spot a Counterfeit Textbook
Simon & Schuster might finally be sold
Penguin Random House is the largest publishing company in the world, and they had their eyes set on one of the other large publishers, Simon & Schuster. The PRH was ready to pay $2.2 billion for it. Still, the deal was never finalized, due to the US Justice Department, citing the lack of competition—Penguin Random House to pay a $200 million termination fee to S&S parent … [Read more...] about Simon & Schuster might finally be sold
Secondary Publishing Rights to Improve Public Access
On July 4th 2023, Canada's Federal Research Granting Agencies launched a review into the Tri-Agency Open Access (OA) Policy on Publications. The goal is to find a way by 2025, if not sooner, to provide free access to all academic publications and to support research generated by the Tri-Agency. This initiative includes several departments; Canadian Institutes of Health … [Read more...] about Secondary Publishing Rights to Improve Public Access
Security and Privacy Practices of E-Reader Apps and Devices
When it comes to the printed word, paper is no longer the go-to medium. Increasingly, e-reader apps and devices are replacing physical books with a convenient and portable alternative.However, as with any digital technology, these e-readers come with their own set of security and privacy concerns. As their usage increases, especially in sectors like education, these concerns … [Read more...] about Security and Privacy Practices of E-Reader Apps and Devices
Global Alternative Investment Firm H.I.G. Capital to Acquire RBmedia
Image credit: fusoesaquisicoes KKR and H.I.G. Capital has recently made an announcement that it is an affiliate of H.I.G. will acquire RBmedia and handle their next growth and development, according to Business Wire. This came after the news of KKR selling RBmedia flourished across the internet. With more than 60,000 exclusive audiobooks and 8000 new titles published every … [Read more...] about Global Alternative Investment Firm H.I.G. Capital to Acquire RBmedia
Authors Write Open Letter to AI Companies for Copyright Infringement
The Internet is flooded by AI models like Chat GPT, and the reviews are mixed. While some people consider it ideal for analytical and decision-making tasks, several others have accused these models of piracy, lack of creativity, and limited contextual understanding. One such industry that's witnessing a tough time with AI models is the book industry.After AI-oriented … [Read more...] about Authors Write Open Letter to AI Companies for Copyright Infringement