The Canadian bookselling industry is dominated by Chapters Indigo. You can get a good indication on how many people are buying print books by looking at their overall financial profitability. The latest quarterly results are in today and the future looks dark. Chapters and Indigo are on the brink of disaster. The bookseller announced a loss of $10 million last November and a … [Read more...] about Chapters & Indigo Continues the March Towards Financial Disaster
Business News and Statistics
Amazon Prime Giving One Dollar in Video Credits for Slower Shipping
Amazon Prime members often get a bevy of benefits including Prime Music, Prime Video, one free eBook a month and free two day shipping. If you live in rural areas where FEDEX subcontracts shipping to your local mail service or if you don't mind waiting a few days, there is a new program. Starting today, if you order something online with Amazon and are an existing Prime member … [Read more...] about Amazon Prime Giving One Dollar in Video Credits for Slower Shipping
Amazon says $9.99 eBooks Make More Money
Amazon has penned an open letter on their website which spells out their mentality in approaching the ongoing Hachette eBook dispute.  They primarily contend that selling eBooks at the $9.9 price point sells more copies and garners more money than titles that retail for $14.99.In a written statement Amazon said "A key objective is lower e-book prices. Many e-books are being … [Read more...] about Amazon says $9.99 eBooks Make More Money
Santa Monica Hotel to Buy Holiday Books in Advance
Santa Monica hotel Shutters on the Beach is doing something very interesting. They will buy the books you want to read during your holiday and have them awaiting you in the room upon check inIn order to have one or a bunch of books waiting in your room, simply call the front desk up to 24 hours in advance. A dedicated book buyer will purchase books, magazines and newspapers … [Read more...] about Santa Monica Hotel to Buy Holiday Books in Advance
Apple Enhances eBook Discovery with BookLamp
Apple is looking to beat Amazon at the eBook discovery game with the acquisition of BookLamp. The Idaho based startup has focused their company primarily on analytics services that is specialized on big data.BookLamp's claim to fame was the Book Genome project, a book discovery engine that analyzed the text of books to break them down by various themes and variables to let … [Read more...] about Apple Enhances eBook Discovery with BookLamp
Don’t have Time to Read Ulysses? Play the Game
James Joyce's Ulysses is one of the most important books to be written by a biped. It is on many peoples reading list, but seldom completed. The novel is fairly daunting and this is prompting Dublin filmmaker Eoghan Kidney to develop a 3D immersive experience using Oculus Rift.The filmmaker is looking to raise $5,000 to turn the chapter Proteus into a visual Cliff's Notes. … [Read more...] about Don’t have Time to Read Ulysses? Play the Game
Report: Amazon to Purchase Simon and Schuster
The publishing industry could be turned onto its head with a recent revelation that Amazon is in talks with big 5 publisher Simon and Schuster. No one seems to know what the discussions are about, whether it has to do with eBook pricing or if they are talking about an acquisition. If Amazon were to purchase S&S it would give Amazon major distribution to physical bookstores … [Read more...] about Report: Amazon to Purchase Simon and Schuster
Amazon Circumvents French Ban Free Shipping for Books
Amazon has found itself in hot water in France, as government authorities were ready to hit the company with hefty fines.  This stems from a new law that was signed by France's ruling Socialist Party and the opposition UMP Party that banned online retailers from shipping discounted books for free. It comes in the form of an amendment to a 32-year-old law that sets the value of … [Read more...] about Amazon Circumvents French Ban Free Shipping for Books
Amazon Sued by the FTC for in-app Purchases
The US Federal Trade Commission is suing Amazon for not having enough safeguards in place to prevent children from racking up millions of dollars worth of virtual currency and in-app purchases.FTC chair Edith Ramirez said in a statement: “Amazon's in-app system allowed children to incur unlimited charges on their parents' accounts without permission. Even Amazon's own … [Read more...] about Amazon Sued by the FTC for in-app Purchases
Barnes and Noble to Take Nook Media Public
Barnes and Noble announced during a recent investors call that it was 100% committed to separating the Nook digital division from their bookstores. This will create a dedicated Nook company that will be publically traded and give investors an incentive to invest into the companies portfolio of eBooks, e-Readers, tablets and accessories.In fiscal 2014 we have taken certain … [Read more...] about Barnes and Noble to Take Nook Media Public
Perseus Book Group Sold to Hachette and Ingram
Perseus Book Group was founded in 1996 and has been acquiring small imprints to expand their business.  Over the course of the last few years the entire publishing industry is consolidating and Perseus was a solid acquisition target. Hachette has announced they are purchasing Perseus and absorbing all of their imprints and then selling the distribution business to … [Read more...] about Perseus Book Group Sold to Hachette and Ingram
Blackberry Signs a App Distribution Agreement with Amazon
The currently Blackberry 10 ecosystem is fairly woeful, with only a handful of apps that were built with the native framework. The lack of a solid user base and complex SDK turned off many companies such as Netflix, Snapchat, Instagram and many others. This situation is now rectified as Blackberry just signed a licensing agreement to have the Amazon App Store bundled on all … [Read more...] about Blackberry Signs a App Distribution Agreement with Amazon
Barnes and Noble Will Stop Selling Audiobooks July 1st
Barnes and Noble has announced that they are bowing out of the audiobook industry starting July 1st 2014. The Nation's largest bookseller is imploring customers to backup all of their old titles before they are gone for good.Many people in the industry were very surprised to know that B&N even sold audiobooks. The company never issued press releases or acquired their own … [Read more...] about Barnes and Noble Will Stop Selling Audiobooks July 1st