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
Digital Publishing - E-BOOKS, Manga Business News and Statistics
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
British Columbia Bookstores Can Now Apply for a Liquor Licence
Bookstores in British Columbia can apply for a liquor licence starting Jan. 23, 2017. Indie bookstores will be able to serve wine and spirits to customers and even stage after hours events. The BC government is hoping this new policy will provide new opportunities for manufacturers such as craft breweries and wineries to sell their product. “One of government’s goals is to … [Read more...] about British Columbia Bookstores Can Now Apply for a Liquor Licence
Hachette e-Book Sales Decline by 1.1% in Q3 2016
The Hachette Book Group has just released their 3rd quarter financial results and they have said that worldwide sales were €675 million or $734 million US. They also mentioned during their report that e-book sales accounted for 6.8% of their global revenue, compared to 7.9% in the third quarter of 2015. If we break down the percentages, this means the publisher generated €46 … [Read more...] about Hachette e-Book Sales Decline by 1.1% in Q3 2016
Chapters/Indigo Sales Have Increased by 5.4% in Q2 2016
Indigo Books and Music has reported that sales have increased by 5.4% for its second quarter ended October 1, 2016. The bookseller proclaimed that revenue growth was driven by their general merchandise business, and growth in the core book business enhanced by the release of Harry Potter and the Cursed Child. Revenue for the quarter was $216.9 million, up $11.2 million from … [Read more...] about Chapters/Indigo Sales Have Increased by 5.4% in Q2 2016
Apple News Advertising will be outsourced to NBCUniversal in 2017
Apple is going to outsource all of their Apple News advertisements to NBCUniversal in early 2017. This deal was done because Apple shuttered their iAd network in June and they do not have a dedicated advertising unit anymore. Apple News launched last year in the US and the United Kingdom. They currently have over 70 million subscribers and major news organizations such The … [Read more...] about Apple News Advertising will be outsourced to NBCUniversal in 2017
HarperCollins e-Book Revenue Declines in Q1 2017
HarperCollins has experienced non-stop declines in their e-book revenue for the past year. The publisher has reported that they have garnered $74.8 million in audiobook and e-book sales in Q1 2017 and the same time last year the same digital content brought in $78.4 million. In the latest quarterly filings News Corp did not go into great detail about their HarperCollins … [Read more...] about HarperCollins e-Book Revenue Declines in Q1 2017
Simon & Schuster Book Revenue Increases by 11% in Q3 2016
Simon & Schuster has reported that publishing revenues increased 11% to $226 million for the third quarter of 2016 from $203 million for the same prior-year period. The increase was led by growth in both print and digital book sales, including the bestselling titles Born to Run by Bruce Springsteen and The Girl with the Lower Back Tattoo by Amy Schumer. Digital revenues … [Read more...] about Simon & Schuster Book Revenue Increases by 11% in Q3 2016