Piracy is a major issue for digital publishers including Kakao Entertainment's subsidiary Tapas Entertainment, which focuses on publishing webcomics and web novels. For publishers that make their money off of clicks and microtransaction coins, having the same content being uploaded elsewhere for free on the same day without the owners' permission can have long-term consequences … [Read more...] about 200+ Million Digital Piracy Instances Removed in 2023
Business News and Statistics
Dr. Seus partners with the NFL to tackle reading
Dr. Seuss Enterprises and Creative Minds Publications will soon be teaming up with the NFL for the 8th annual Tackle Reading event. Tackle Reading events are assembly-style celebrations held during the week of Dr. Seuss’s Birthday, and are designed to inspire children at underserved schools to fall in love with reading. At each of the events a current or alumnus NFL player … [Read more...] about Dr. Seus partners with the NFL to tackle reading
Booktopia Reports Record Low
Booktopia has revealed that soft demand and a transition to a new facility has had adverse effects on sales revenue. Booktopia has released a trading update that reveals the online bookstore has had significantly reduced sales YoY. “Following the conclusion of the second quarter which traditionally delivers the largest proportion of the Company’s annual profit, results were … [Read more...] about Booktopia Reports Record Low
Bloomsbury Makes Profit Due to Sarah J Maas
Shares in Bloomsbury Publishing reached the peak as the group best known for backing JK Rowling’s Harry Potter series hailed fantasy author Sarah J Maas as a “publishing phenomenon” helping to turbocharge its sales and profits. The London-headquartered group raised its profit outlook for the second time in three months due to growing demand for its fantasy novels, led by those … [Read more...] about Bloomsbury Makes Profit Due to Sarah J Maas
Indigo Gets a Buyout Offer
In a brief statement, Indigo reported that it has received a buyout proposal in early February from Trilogy Retail Holdings Inc. and Trilogy Investments L.P. to acquire all of the common shares of Indigo that Trilogy does not already own. The two Trilogy firms are personal holding companies of Gerald Schwartz. Schwartz is already a company insider as he sits on Indigo's … [Read more...] about Indigo Gets a Buyout Offer
PRH Leads Children Picture Book Bestsellers
Penguin Random House (PRH) is the leader among publishers on PW’s picture book bestseller lists. In 2023, the publisher strengthened its grip, nabbing 40% of total available list positions, up from 33% in 2022. In 2023, PRH landed 72 titles on the list, and those titles occupied 519 positions. Eric Carle’s classic The Very Hungry Caterpillar was on the list for the entire … [Read more...] about PRH Leads Children Picture Book Bestsellers
Bookwire Acquires Bookrepublic’s Distribution Business
The Frankfurt-based Bookwire has acquired Marco Ferrario’s Bookrepublic‘s distribution service based in Italy. Since its inception in 2010, Bookwire’s expansion has moved beyond Germany to Mexico, Brazil, France, Spain, the United Kingdom, and the United States. It’s originally an eBook distributor. But today, Bookwire also produces and distributes audiobooks. It also avails … [Read more...] about Bookwire Acquires Bookrepublic’s Distribution Business
RBmedia Acquires Berrett-Koehler Audiobook Publishing Business
Today, RBMEDIA has announced the acquisition of Berrett-Koehler’s audiobook publishing business, which includes its catalogue of previously published titles, as well as a multi-year agreement to become the exclusive audio publisher for Berrett-Koehler’s new titles beginning in 2024. Berrett-Koehler’s catalogue of hundreds of business, social justice, and personal development … [Read more...] about RBmedia Acquires Berrett-Koehler Audiobook Publishing Business
Tellwell Publishing Acquires IndieMosh, Boosting Self-Publishing in Australia
Recently, Canadian firm Tellwell Publishing has announced the acquisition of IndieMosh. IndieMosh, as the name suggested, is a service focused on Australian indie authors. The service guides and helps indie authors navigate the self-publishing process. Tellwell Publishing is a Canadian publishing firm that helps authors publish, market, and distribute books. This acquisition is … [Read more...] about Tellwell Publishing Acquires IndieMosh, Boosting Self-Publishing in Australia
Kennedy and Signature Publishing are Now Merging
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
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