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Business News and Statistics

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Find out the latest news from the bookselling industry. You will learn all about the business of audiobooks, ebooks, manga, newspapers, and digital magazines.

Amazon forced to remove ratings, reviews of Chinese president’s book

Chinese President Xi Jinping’s book, The Governance of China is in the…

UK customers can’t buy a Kindle with Visa Cards anymore

Amazon is having a dispute with VISA and their high fees in…

Indigo Books records a 16.3% profit in the past three months

Indigo Books and Music has reported that in the past three months,…

Storytel is entering the US market with acquisition Audiobooks.com

Storyel is quickly becoming one of the largest audiobook and ebook subscription…

Spotify Acquires the largest audiobook wholesaler Findaway

Findaway has been in business since 2005 and they are the largest…

US Justice Department Investigating Penguin Random House and S&S Merger

Penguin Random house accounts for 1/4 of all books published in the…

HarperCollins ebook revenue increased by 16%

HarperCollins reported that their publishing revenues generated close to 2 billion dollars…

Indigo Books and Music sales declined 5.5%

Indigo Books and Music has reported in their yearly financial results that…

Hachette ebook sales declined in the first six months of 2021

In the first six months of 2021, Hachette saw a decline in…

Joan 6 Pro is a new meeting room e-paper display for enterprise

Visionect has just announced the Joan 6 Pro, which is a six…

Amazon Prime Day is postponed in Canada

Amazon Prime Day is launching in the United States and many countries…

Nubico ebook platform has been sold to Nextory

Telefonica has just sold their Nubico ebook service to Nextory, a Swedish…

Naver completes their acquisition of Wattpad

The South Korean company Naver, has just completed their acquisition of Toronto…

Major Publishers are selling a ton of ebooks in 2021

Harpercollins, Hachette, Simon and Schuster and Penguin Random House are four of…

Amazon’s plans to offload unsold goods via discount stores held up by the pandemic

Amazon is known to have contemplated launching discount stores or similar outlets…

HarperCollins has purchased Houghton Mifflin Harcourt

Harpercollins has agreed to purchase the consumer publishing arm of Houghton Mifflin…

Chapters Indigo had a great holiday season, despite store closures

Indigo Books and Music, the largest bookstore chain in Canada, has a…

Audiobooks and ebooks are 18% of HarperCollins Revenue

Harpercollins Revenues generated $504 million dollars, which was a 23% increase, in…

Jeff Bezos is stepping down as CEO of Amazon

Jeff Bezos founded Amazon over 27 years ago when he was working…

Wattpad is being sold to the Korean company NAVER

Toronto-based online storytelling company Wattpad has confirmed with Good e-Reader that they…

Amazon buys planes for the first time ever to expand its air cargo operations

Amazon announced it is buying 11 used Boeing 767-300 planes, providing a…

Amazon set to become a serious player in podcast space after Wondery acquisition

Amazon announced it has acquired the podcast start-up Wondery, a move that…

NetGalley was hacked and bandits made off with user accounts

Netgalley is a company that specializes in sending out early editions of…