Kennedy Publishing is pleased to confirm the successful completion of its merger with Signature Publishing. Both entities operate as wholly owned subsidiaries under the umbrella of Claverley Group Limited. This is a dynamic provider of publishing, print, and B2B marketing services catering to an expanding customer base.Signature Publishing specializes in the publication of … [Read more...] about Kennedy and Signature Publishing are Now Merging
Business News and Statistics
Authors Guild creates Generative AI Survey
In order to tackle growing concerns over AI generated books and AI's being trained using authors' materials, the Author Guild has created a Public Survey to garner feedback.In a statement they said, "Companies have scraped millions of copyrighted books/articles and copied them without permission to train generative AI. We are conducting a survey and would like to hear from … [Read more...] about Authors Guild creates Generative AI Survey
Indigo Books and Music should try and sell the company
Indigo Books and Music is on a downward trajectory and has suffered financial losses in the past few quarters. Indigo Books & Music reported a net loss of $22.4 million in its second quarter, down from $15.9 million a year earlier. The company is not in good shape; they have suffered several executive changes and a massive cyberattack that downed its systems for over a … [Read more...] about Indigo Books and Music should try and sell the company
Children’s Books Market to Increase by USD $711.99 M Between 2022-2027
According to Technavio, the interactive children's books market is expected to grow by USD 711.99 million from 2022 to 2027. Additionally, it is anticipated to witness a compound annual growth rate (CAGR) of 5.43% from 2022 to 2027.These are several contributing factors leading to this humongous growth. It includes the rise of interactive books for early literacy, the … [Read more...] about Children’s Books Market to Increase by USD $711.99 M Between 2022-2027
eBook revenues were down 3.7% in August 2023
Ebook revenues in the United States were down 3.7% for the month compared to August 2022 for a total of $87.1 million, and digital audiobooks remained up at 5.7% for August, coming in at $68.2 million in revenue. Physical Audio was up 21.1%, coming in at $1.3 million. On a year-to-date basis, ebook revenues were down 1.0% compared to the first eight months of 2022, for $666.9 … [Read more...] about eBook revenues were down 3.7% in August 2023
ebook revenue increased by up 2.3% in July 2023
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
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