FictFact is a website that allowed you to track authors or series. The service would automatically notify users when a new ebook was available and give you a link to purchase the title on Amazon. FictFact had be operating for a number of years, but had violated Amazon's affiliate agreement and their account was … [Read more...] about FictFact has closed down
Business News
Penguin Random House and Hachette will distribute to Indie Bookstores
Baker and Taylor is closing their wholesaling business this summer and this has put thousands of independent bookstores without a book distributor. In order to pick up the slack Penguin Random House, Hachette and the Independent Publishers Group have announced new programs to get their titles into bookstores in the … [Read more...] about Penguin Random House and Hachette will distribute to Indie Bookstores
Simon and Schuster experiences ebook declines
Publishing revenues of $164 million for the first quarter of 2019 increased 3% from $160 million for the same prior-year period, driven by higher print book sales. Bestselling titles for the first quarter of 2019 included Five Feet Apart by Rachael Lippincott and Supermarket by Bobby Hall.Publishing operating … [Read more...] about Simon and Schuster experiences ebook declines
There will be no more Yotaphone, the company is bankrupt
Yota devices was a Russian company and they produced the YotaPhone. This device had two different generations that were available. The original YotaPhone debuted in 2013 and had widespread availability. a few years later the YotaPhone 2 was announced, but it never arrived in the United States. A Chinese company bought … [Read more...] about There will be no more Yotaphone, the company is bankrupt
Hachette states that ebooks account for 7.9% of global revenue
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
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
