McGraw-Hill and Cengage terminated their planned merger this week, but it might be for the best. McGraw-Hill just released their financial results for the first three months of 2020 and sales were up 13% compared to the same period in 2019 with billings from digital products up more than 18%. The company generated $1.7 billion dollars total.Notably, this successful quarter … [Read more...] about McGraw-Hill Digital Sales are up 18%
Business News
SID Display Week is postponed to August
SID Display Week was supposed to occur on Sunday June 7th and the organizers have postponed the event until August 2-7, 2020, at the San Jose Convention Center. It remains to be seen if the pandemic will push back the event even further or if it will be cancelled all together like many of the other events, such as Book Expo America.Dr. Helge Seetzen, the President, Society … [Read more...] about SID Display Week is postponed to August
Book Expo America is cancelled
All of the major book publishing events have been cancelled in 2020. This includes the London Book Fair, the Bologna Children's Book Fair and the American Library Association annual conference. Today, the organizers of Book Expo America and Bookcon have announced that this year's event is cancelled too.In a statement on the Reed website, event director Jenny Martin said … [Read more...] about Book Expo America is cancelled
Book Expo America is delayed until July
Book Expo America is the largest event of its kind in North America. It is primarily an industry event where publishers bid on book rights and attend events that talk about the future of publishing. This is also a public component, where authors sign autographs. Every year it runs in May, but this year it has been postponed until July 22-26 at the Javits Center in New … [Read more...] about Book Expo America is delayed until July
RBmedia has purchased GraphicAudio
RBMedia has announced that they have purchased GraphicAudio, a leading producer of dramatized audio content featuring a full cast of actors, sound effects, and cinematic music. The demand for spoken audio is growing rapidly, fueled by innovation in areas such as audio originals, podcasts and dramatizations.GraphicAudio is home to the largest catalog of full cast … [Read more...] about RBmedia has purchased GraphicAudio
Ebook revenue fell 4.2% in 2019 and generated $983.3 million
In 2019 ebook revenue in the United States declined 4.2% and generated $983.3 million. Digital audiobooks continued to grow, with a 22.1% increase as compared to last year, reaching $576.9 million in revenue. Year-to-date total Trade sales were flat (+0.1%) in relation to 2018, coming in at $7.9 billion. Total sales across all categories for January to December 2019 rose 1.8% … [Read more...] about Ebook revenue fell 4.2% in 2019 and generated $983.3 million
Amazon might buy Simon & Schuster
Simon & Schuster might be sold sometime this year, the publisher acknowledged that it had received some stabstancial offers. One of the front-runners is Amazon, who insiders say would be better suited to own it, than anyone else.S&S is apart of the big 5 publishing companies, and it looks like the company that owns them, is not very interested in keeping them around, if … [Read more...] about Amazon might buy Simon & Schuster
The London Book Fair is cancelled
Every major publisher based in the United States, pulled out of the London Book Fair over the course of the past few weeks, but it looks like the organizers of the event decided to cancel it today. It simply could not happen without the support of the publishing industry and even authors who were going to sign autographs and pose for pictures pulled out too.Just before the … [Read more...] about The London Book Fair is cancelled
Amazon had mad success on Cyber Monday
You might have heard on the radio or on television about the lack of shoppers for traditional retail for the past week. This was because most of them offered earlier discounts and more consumers shopped online, though spot checks around the country showed traffic picking up in the afternoon. Amazon was one of the beneficiaries of Cyber Monday, people who wanted to wait to buy … [Read more...] about Amazon had mad success on Cyber Monday
BooknBrunch makes organizing book club events easy
If you have ever been a book club organizer, picking a venue that is open to hosting the event can be quite challenging. BooknBrunch is a new company that has a Book, event, and restaurant marketplace, BooknBrunch is the first company to bring together the publishing and hospitality industries. The platform allows you to organize and host book club events wherever you want and … [Read more...] about BooknBrunch makes organizing book club events easy
Indigo and Kobo sign a new agreement for audiobooks
Indigo Books and Music does not sell digital audiobooks, but they have been selling tapes and CD's for the past 15 years. They currently has an assortment of 387 unique physical audiobooks across its retail chain, with about average of 100 unique physical audiobooks in each large format store. The Canadian bookseller cannot ignore the rise of digital audiobooks and they have … [Read more...] about Indigo and Kobo sign a new agreement for audiobooks
