HarperCollins reported that their publishing revenues generated close to 2 billion dollars from June 30th, 2020 to June 30th 2021, up 21% year over year. Revenue growth was driven by higher consumption trends and contributions from the buyout of Houghton Mifflin Harcourt. Higher frontlist and backlist sales, comprising the series of Bridgerton titles by Julia Quinn and The … [Read more...] about HarperCollins ebook revenue increased by 16%
Business News
Indigo Books and Music sales declined 5.5%
Indigo Books and Music has reported in their yearly financial results that their revenue declined 5.5% and generated revenue of $904.7 million compared to $957.7 million last year. The time period of this revenue was from March 28, 2020 to April 3, 2021, so basically they did well, all things considered. The vast majority of their stores were completely shut down in 2020 and … [Read more...] about Indigo Books and Music sales declined 5.5%
Hachette ebook sales declined in the first six months of 2021
In the first six months of 2021, Hachette saw a decline in ebook sales. Worldwide revenue fell from roughly €97 million in the first half of 2020 to €90 million in the first six months of 2021. Digital audiobook sales generated €52 million, from €48 million last year.Worldwide revenue at Hachette Book Group rose 14.8% in the first half of 2021 over the first six months of … [Read more...] about Hachette ebook sales declined in the first six months of 2021
Joan 6 Pro is a new meeting room e-paper display for enterprise
Visionect has just announced the Joan 6 Pro, which is a six inch E INK display that is aimed at enterprises and used for meeting rooms. This new product is available as a pre-order and will be shipping out in August and retails for $769. It comes with a full one year subscription to the backend software, which is used to display text and book meeting rooms, through a web … [Read more...] about Joan 6 Pro is a new meeting room e-paper display for enterprise
Amazon Prime Day is postponed in Canada
Amazon Prime Day is launching in the United States and many countries around the world on June 21st, but the shopping event has been postponed in Canada. The company announced that due to COVID across Canada, they want to focus on the safety of their employees. “As we continued to monitor the impact of COVID-19 in Canada, we have decided to pause plans for Prime Day 2021 in … [Read more...] about Amazon Prime Day is postponed in Canada
Nubico ebook platform has been sold to Nextory
Telefonica has just sold their Nubico ebook service to Nextory, a Swedish company. The platform was originally developed in 2013 and currently offers an unlimited platform, with a library of 50,000 books and 80 magazines for €8.99 per month. Nextory will continue to offer the standalone service in Spain, and populate it with hundreds of thousands of audiobooks and ebooks, while … [Read more...] about Nubico ebook platform has been sold to Nextory
Naver completes their acquisition of Wattpad
The South Korean company Naver, has just completed their acquisition of Toronto based Wattpad. The $600 million dollar price tag gives Naver, a competitive advantage against the Amazon Kindle Vella and Kakao. If you have not heard of Naver before, they are the company behind Webtoon, a digital comics platform.Wattpad’s co-founders Allen Lau and Ivan Yuen will continue their … [Read more...] about Naver completes their acquisition of Wattpad
Major Publishers are selling a ton of ebooks in 2021
Harpercollins, Hachette, Simon and Schuster and Penguin Random House are four of the world's most prolific book publishers. In the first three months of 2021, they have experienced very strong audiobook and ebook sales. This trend should continue for the rest of the year, primarily due to COVID and more people shopping online, instead of visiting bookstores.Harpercollins … [Read more...] about Major Publishers are selling a ton of ebooks in 2021
Amazon’s plans to offload unsold goods via discount stores held up by the pandemic
Amazon is known to have contemplated launching discount stores or similar outlets where it would be selling the millions of unsold goods that end up getting accumulated in its warehouses every year. Those could be either permanent stores operating round the year or pop-up outlets set up in busy locations only during the shopping season.However, it will only be smaller items … [Read more...] about Amazon’s plans to offload unsold goods via discount stores held up by the pandemic
HarperCollins has purchased Houghton Mifflin Harcourt
Harpercollins has agreed to purchase the consumer publishing arm of Houghton Mifflin Harcourt for $349 million. This would give them access to high-profile novels from authors such as George Orwell, Philip Roth and J.R.R. Tolkien. The sale would allow Boston-based Houghton to pay down debt and focus on its digital-first strategy in education.The acquisition will include the … [Read more...] about HarperCollins has purchased Houghton Mifflin Harcourt
Chapters Indigo had a great holiday season, despite store closures
Indigo Books and Music, the largest bookstore chain in Canada, has a tremendous holiday season. Over the course of the last three months of 2020, the time of year where books sell like crazy, Indigo net profit grew nearly 19% and generated $30.7 million in profit. This was primarily attributed to their e-commerce revenue growing by over 92%, as Indigo enhanced so-called … [Read more...] about Chapters Indigo had a great holiday season, despite store closures
Audiobooks and ebooks are 18% of HarperCollins Revenue
Harpercollins Revenues generated $504 million dollars, which was a 23% increase, in the last three months of 2020. Revenues basically soared due to the Christmas season and everyone buying them as gifts. The bulk of the sales were placed online, at retailers such as Amazon, Barnes and Noble and thousands of other bookstores all over the world.The revenue growth was … [Read more...] about Audiobooks and ebooks are 18% of HarperCollins Revenue
