Hachette has reported that in 2018 global revenue was €2.52 billion. Canada and the US accounted for 29% of their revenue, which was around $736 million dollars. This was an overall increase of 27% from 2017.In a prepared statement, HBG CEO Michael Piestsch said: “HBG’s increased profits in 2018 were the result of … [Read more...] about Hachette states that ebooks account for 7.9% of global revenue
Business News
Barnes and Noble had a profitable holiday quarter
Barnes and Noble has announced that in the last three months of 2018 they generated $1.2 billion and net income was $66.9 million. Comparable store sales increased 1.1%, which was their best performance in several years. Book sales decreased 1.2% for the quarter. Trade paper, kids and young adult book sales fell … [Read more...] about Barnes and Noble had a profitable holiday quarter
Amazon is going to focus on opening up more bookstores
Amazon is in the process of shuttering 87 pop-up stores and they instead will focus on opening up more bookstores. This will provide a better avenue to sell Kindle e-readers, books and Alexa enabled products.“Across our Amazon network, we regularly evaluate our businesses to ensure we’re making thoughtful decisions … [Read more...] about Amazon is going to focus on opening up more bookstores
Simon and Schuster experiences strong gains with audiobooks
Simon and Schuster generated $825 million last year and CEO Carolyn Reidy stated that digital was on the rise, thanks to audiobooks. Looking back on 2018, Reidy said sales of downloadable audio once again had gains well into the double digits that countered declines in e-book sales. Overall, total digital sales rose by … [Read more...] about Simon and Schuster experiences strong gains with audiobooks
Playster fires all of their employees and is on life support
Playster has fired their entire staff two weeks ago and only a few executives remain with the company. Management has asked everyone to keep it a secret and not to post about it on social media. Playster will not be investing anymore money into new digital content, which means they will no longer be adding new … [Read more...] about Playster fires all of their employees and is on life support
Scribd has over one million subscribers
Scribd is an unlimited audiobook and ebook subscription service and they have been in business since 2007. They initially started as a document sharing site and eventually branched out into audio, ebooks, newspapers, magazines and comics. In October 2013, Scribd officially launched its unlimited subscription service … [Read more...] about Scribd has over one million subscribers
There are 101 million Amazon Prime Members in the US
New Consumer Intelligence Research Partners data shows that Amazon had 101 million U.S. Prime members at the end of last year. The research group says 62% of Amazon's U.S. customers are Prime members and have an average annual spend of $1,400 compared to the $600 for non-members. Of the members, 36% pay the monthly … [Read more...] about There are 101 million Amazon Prime Members in the US
Canadian print book sales remain flat between 2017 and 2018
Print book sales in the Canadian English-language trade market remained flat in 2018 when compared to the year previous, according to sales reported to BNC Sales Data by a subset of comparable retailers used for year-over-year analysis. There was also little change in the breakdown between Fiction, Non-Fiction, and … [Read more...] about Canadian print book sales remain flat between 2017 and 2018
eBook usage in Germany increases by 50%
The number of households that have purchased an ebook in the past three years has increased by over 50% in Germany. 1.6 million households bought eBooks in 2017 and ebook market share increased by 3%, which is good news for the digital format. In 2018, ebook sales are starting to explode.24.4 million eBooks were … [Read more...] about eBook usage in Germany increases by 50%
Is Bookeen in trouble?
Bookeen has been making e-readers since 2003 and has a long and storied history of developing unique products. In the past few months the company seems to be in trouble. Audrey Keszek has been responsible for Bookeens social media accounts since 2010 and recently left the company in August. A successor was hired, but … [Read more...] about Is Bookeen in trouble?
Litnet: Read books before they get published
How to read best sellers before they’re complete and published? Just imagine, let’s say George Martin, the author of "Game of Thrones," releases his new novel not in full, but publishes it chapter by chapter. Readers engage in discussions of plot twists and character developments expressing their ideas on how the story … [Read more...] about Litnet: Read books before they get published
Major Publications are doubling down on book coverage
Over the course of the past twelve months, major publications such as the Atlantic, Amazon, Buzzfeed and the New York Times have been doubling down on book coverage. This includes book reviews, author interviews and expanding upon their bestseller lists.Since the beginning of 2017, The New York Times has continued … [Read more...] about Major Publications are doubling down on book coverage