Simon & Schuster has just released their financial results for the second quarter of 2016. The publisher has admitted that digital sales have decreased by 6%. Audiobook and e-Book sales now account for 23% of their total revenue stream.
Print and digital generated $187 million from April to June, during the same period of 2015 they made $199 million.
Best-selling titles in the second quarter of 2016 included End of Watch by Stephen King and Foreign Agent by Brad Thor. S&S is betting on a few big titles to drive revenue for the rest of the year. These books are Amy Schumer’s The Girl with the Lower Back Tattoo, Born to Run by Bruce Springsteen and A Life in Parts by Bryan Cranston.
Michael Kozlowski is the editor-in-chief at Good e-Reader and has written about audiobooks and e-readers for the past fifteen years. Newspapers and websites such as the CBC, CNET, Engadget, Huffington Post and the New York Times have picked up his articles. He Lives in Vancouver, British Columbia, Canada.