Barnes and Noble has reported that for the final two quarters of 2017 they will lose $25 million on the Nook division. The combined quarterly loss is a far cry from 2016 when they were losing close to $23 million per quarter, so it looks like their cost cutting measures are starting to pay dividend.One of the big priorities with Barnes and Noble has been to cut costs with … [Read more...] about Barnes and Noble Nook Losses Continue to Mount
Business News and Statistics
Viz Media Invests in Manga and Anime Discovery Site Kitsu.Io
There are hundreds of e-book discovery websites but when it comes to manga, there are precious few. Kitsu.Io is one of the leading manga and anime open source discovery networks and is serious about staying open source. The company has just raised $600,000 from Bernard Chong and VIZ Media and will be placing a greater emphasis on the social component of a user’s … [Read more...] about Viz Media Invests in Manga and Anime Discovery Site Kitsu.Io
E Ink Announces New 42 Inch E-Paper Display
E-Ink is getting serious about digital signage and they have just announced a new 42 inch e-paper display that is targeting specific segments of the market, such as public information, retail and transportation.The new 42 inch panel is running E-Ink Pearl and has a resolution of 2160 X 2880 and 85 DPI. It has a 4:3 aspect ratio and is identical to that of real paper, making … [Read more...] about E Ink Announces New 42 Inch E-Paper Display
Scribd Removes Thousands of Digital Comics From Their Ecosystem
Scribd is no longer offering digital comics on their platform and has removed over one thousand single issues and graphic novels. The company found it economically unfeasible to pay the large royalties for each comic read and decided to just suspend the service, rather than trying to make it work.The following statement was issued by Scribd "We launched comics in 2015, and … [Read more...] about Scribd Removes Thousands of Digital Comics From Their Ecosystem
Deutsche Telekom sells the Tolino ecosystem to Kobo
Kobo has officially purchased the Tolino ecosystem and all assets will be transferred at the end of January 2017.  The transaction is still pending approval from the German Federal Cartel Office.Deutsche Telekom looks back positively on the excellent collaboration with the book retailers. “We are proud to have contributed to tolino’s success as its technology partner. … [Read more...] about Deutsche Telekom sells the Tolino ecosystem to Kobo
Audio Realms is out of business
Audio Realms has gone out of business and they have taken their main website and Facebook Page offline. They have provided no indication on what prompted their company to suspend operations. Some of their audiobook content remains available on Audible and Overdrive.Some customers are irate who purchased Audio Realms content on Audiobooks.com. It seems that when the company … [Read more...] about Audio Realms is out of business
US Bookstores Report Lacklustre Sales During the Holiday Season
Bookstores depend on November and December to bolster sales, but this year things have tapered off due to the adult coloring book fad diminishing in 2016. Book sales were down almost 6% between Thanksgiving week and the week ended December 18, 2016 compared to the similar period in 2015.Perhaps the most worrisome for booksellers and publishers is that the worst sales week … [Read more...] about US Bookstores Report Lacklustre Sales During the Holiday Season
Brein Files Lawsuit Against Individual Selling e-Readers Packed with Illegal e-Books
Brien is one of the largest companies in the world that tracks illegal e-book sales and distribution on behalf of major publishers. Â They have just filed a lawsuit against a Netherlands based individual who is accused of selling Sony e-Readers with over 7,500 pirated e-books.The lawsuit states that over the course of the past three years a specific individual was selling … [Read more...] about Brein Files Lawsuit Against Individual Selling e-Readers Packed with Illegal e-Books
Barnes and Noble Restaurants Suffer a Setback
Barnes and Noble has been heavily promoting their new concept stores that feature an extensive hot food menu and alcohol. Only one store has opened in New York, although there are a few under varying degrees of construction. Long-time Barnes & Noble executive Jaime Carey was in charge of this division since June and he has suddenly resigned from the company.Jaime … [Read more...] about Barnes and Noble Restaurants Suffer a Setback
Barnes and Noble Nook Sales Decline by 29%
Barnes and Noble has just announced that Nook Sales have declined 29% in the last three months. The bookseller simply cannot make selling e-readers, tablets and e-books financially viable.Total sales for the second quarter were $858.5 million, declining 4.0% as compared to the prior year. Retail sales, which include Barnes & Noble stores and BN.com, declined 3.5% to … [Read more...] about Barnes and Noble Nook Sales Decline by 29%
Barnes & Noble Hires Demos Parneros as New COO
Barnes and Noble has just hired Demos Parneros as the company's new Chief Operating Officer. He will be reporting to CEO Len Riggio and will be responsible for over 600 bookstores, merchandising, e-Commerce, systems and real estate.Mr. Parneros joins Barnes & Noble from Staples, where he was President, North American Stores & Online. He has 30 years of leadership … [Read more...] about Barnes & Noble Hires Demos Parneros as New COO
E-Ink Q3 2016 Net Profit Declines by 35%
E-Ink has just hosted an investor's conference and told their shareholders that in Q3 2016 they had a 24% increase in revenue, which was a new high. Sadly though, their net profit experienced a 35% decline QOQ. EIH expects royalty revenues from licensing of FFS (fringe field switching) TFT-LCD technology to shrink 15-20% in 2016. EIH in September 2016 shut down its 2.5G LCD … [Read more...] about E-Ink Q3 2016 Net Profit Declines by 35%
E-Book Sales Decline 20.0% in the first half of 2016
Major publishers in the United States have been experiencing massive declines in e-book sales in the first half of 2016. Sales of eBooks were down 20.0% and generated $579.5 million, which is quite staggering. This is the second year in a row where e-book sales have plummeted, in 2015 eBooks were down 12.7%.E-books continuing to trend downwards is actually good news for the … [Read more...] about E-Book Sales Decline 20.0% in the first half of 2016