Hachette has just announced their financial figures for the first six months of 2016. E-Book sales account for 9.2% of their total revenue stream, which is a slight decrease from 10.7% during the same period in 2015. Sales for the first six months of 2016 fell 6.6% at Hachette Book Group, compared to the first six months of 2015. The funny thing is, even though sales are … [Read more...] about Hachette e-Book Sales Continue to Fall
Hachette
Hachette e-book sales are down 2%
Hachette has just announced their latest quarterly results from January to March 2016. The publisher has acknowledged that e-book sales accounted for 10.4% of total revenue in the quarter, down from 12.2% a year ago. In the first three months of the year total trade sales generated $469 million and e-books generated $47 million. Hachette is the 5th major publisher to report … [Read more...] about Hachette e-book sales are down 2%
Hachette Laments e-Book Decline
The parent company of Hachette has announced that their revenue has declined and this sent their stocks tumbling by 8.2%. Industry experts had forecast that the publisher would see a profit of $466, but they also managed to generate $439 million in all of 2015. This has prompted CFO Dominique D’Hinnin who had been working for company for the past 26 years to leave. Of its … [Read more...] about Hachette Laments e-Book Decline
Hachette Claims e-Book Sales have Plateaued
Hachette Book Group CEO Michael Pietsch wrote an wrote an editorial in the Wall Street Journal and stated that e-book sales have plateaued and he is no longer worried about them destroying the book selling business. He also mentioned how print has proved to be durable because, as a format, they’re simply hard to improve on. People have accused the Hachete boss of writing a … [Read more...] about Hachette Claims e-Book Sales have Plateaued
Hachette reports ebook sales have plummeted
Hachette has just announced that sales in the United States has decreased by 4.2% in the third quarter ended September 30, compared to the same period last year. They have also reported that e-Books accounted for 24% of total book sales in the first nine months of 2015, down from 28% in the January-September period of 2014. The United States is not the only market that has … [Read more...] about Hachette reports ebook sales have plummeted
How Do Amazon-Publisher Disputes Affect Authors and Readers?
It was only a year ago that the publishing industry sat riveted as it waited to see how the storm between Amazon and publisher Hachette was going to play out. Hachette wanted new terms in light of the DOJ price fixing investigation, and Amazon wasn't about to budge. And with a 95% control of the ebook market, it's easy to see why Amazon didn't think freezing its sales of … [Read more...] about How Do Amazon-Publisher Disputes Affect Authors and Readers?
Hachette is Betting on LEGO as the Next Big Thing
Little, Brown Books is a division of Hachette and the publishing companies have just predicted the next breakout book series of 2015. They have formed a new partnership with LEGO to have a series of e-books and graphic novels created. The intention is to have them released by the end of the year to take a advantage of the holiday season. Little, Brown Books for Young … [Read more...] about Hachette is Betting on LEGO as the Next Big Thing
Amazon and Hachette Finally Reach an Agreement on eBooks
Hachette Book Group and Amazon today announced that the companies have reached a new, multi-year agreement for ebook and print sales in the US. The new ebook terms will take effect early in 2015. Hachette will have responsibility for setting consumer prices of its ebooks, and will also benefit from better terms when it delivers lower prices for readers. Amazon and Hachette … [Read more...] about Amazon and Hachette Finally Reach an Agreement on eBooks
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
Amazon Offers Ups Its Percentage of Sales to Charity
In the latest twist in the Amazon-Hachette dispute, Amazon has proven once again that it has the best PR team in corporate history. Following an open letter from authors involved in the current issue which stated that their livelihoods were being impacted by Amazon's refusal to concede to Hachette's terms, Amazon offered to give the authors 100% of the price of their sales … [Read more...] about Amazon Offers Ups Its Percentage of Sales to Charity