As per recent sources, KKR, the leading global investment company, is preparing to sell its portfolio company and audiobook publisher RBmedia. The price for the sales is likely to be $2 billion. KKR is known for offering diverse services like alternative asset management, insurance, and capital market solutions. They are renowned for generating high returns through a … [Read more...] about KKR Likely to Sell Audiobook Publisher RBmedia
Digital Publishing News
AI and Its Effect on the Book Publishing Industry
Generative AI is likely to transform the book publishing industry. This transformation, in the future, may result in the obsolescence of the traditional publishing practices that are used by the domain. The change isn't limited to new technologies like ChatGPT alone. The industry is likely to witness many new techs/changes that may augment its operations with time. Once AI … [Read more...] about AI and Its Effect on the Book Publishing Industry
Harry Potter Publisher – Bloomsbury – Sees Record Sales
Bloomsbury – the UK's most famous publisher renowned for the Harry Potter series- has recently reported a 15% increase in sales with a 16% increase in profit. The publisher chalks this success to allies – TikTok and the ongoing macroeconomic hellscape. Harry Potter During the Inflation According to CEO Nigel Newton, with increasing living costs, books are an affordable form … [Read more...] about Harry Potter Publisher – Bloomsbury – Sees Record Sales
Books Over Streaming Services: Here’s What the CEO of a Top Publishing Says
Bloomsbury Publishing CEO Nigel Newton recently said how people could get many books worth of the Netflix subscription that they generally spend on. Comparing the price of books to the monthly Netflix Premium subscription of $19.99, Newton said people could buy two titles monthly and 24 titles a year for the amount of money. He further mentioned how paperbacks are cheaper than … [Read more...] about Books Over Streaming Services: Here’s What the CEO of a Top Publishing Says
US ebook sales declined by 6.5% in 2022
Digital book sales in the United States continue to decline. Throughout 2022 the format fell by 6.5% and generated 1.95 billion dollars in revenue. Except for 2020, the first year of the pandemic, ebook revenue has declined yearly since 2014. Digital audiobook sales continue to grow at a torrid pace. Digital Audio revenue increased, climbing 2.6% to $1.81 billion. Income … [Read more...] about US ebook sales declined by 6.5% in 2022
WC3 Recommends EPUB 3.3 Version for EPUB
The World Wide Web Consortium (WC3) has come up with the EPUB 3.3 recommendation, which will be the newest version of EPUB. This news came into effect on Thursday, May 25, 2023. As per the officials, the latest version of EPUB is similar to the International Web standard.EPUB, short for electronic publication, is an Ebook file format offered by the International Digital … [Read more...] about WC3 Recommends EPUB 3.3 Version for EPUB
Fake Neuroscience Papers Detected By AI-Trained Tool
Recently scientists and researchers disclosed big news after using an AI-trained computer for neuroscience paper publications. They noticed some common signs indicating fake papers submission, even in reputed journals. These fake papers are being submitted by researchers so they can boost their academic profiles and resume. The tool was able to identify multiple red flags in a … [Read more...] about Fake Neuroscience Papers Detected By AI-Trained Tool
Duolingo ABC Learning App Uses Gamifies Reading for Kids
This year, Duolingo – a famous language learning app – launched the 'Duolingo ABC' app to help children (3-8 years) to learn reading and writing in English. The free app has been developed by learning scientists and includes 700+ bite-sized lessons for teaching phonics, alphabets, and sight words in a gamified manner. There are nine different levels, allowing kids to learn at … [Read more...] about Duolingo ABC Learning App Uses Gamifies Reading for Kids
Open Road’s Re-Discovery Lit to Bring Older Books to Life
Many good books emerge, garner attention, and some disappear from the limelight. Re-Discovery Lit is an effort to give a second life to those forgotten, older books.Open Road Integrated Media, a leader in applying technology for book discovery, has introduced Re-Discovery Lit, a new publishing imprint for republishing reverted and out-of-print books. They are expected to … [Read more...] about Open Road’s Re-Discovery Lit to Bring Older Books to Life
The New Reading Club Story-Making App: Make Reading Fun for Kids
Want to help your child learn to read? Developing a reading habit in your kids requires interest, practice, and motivation. The Reading Club app does the same. The app lets you and your child create customized stories for reading practice.The Reading Club app, a new reading app for kids, features an intuitive online dashboard which displays your child's real-time learning … [Read more...] about The New Reading Club Story-Making App: Make Reading Fun for Kids