Pearson issued an unaudited report that sums up its entire 2012 fiscal year. One of the most interesting aspects is that Penguin has stated that ebooks now account for 17% of global revenue. The largest growth was in the US, where ebooks account for over 30%, up from 20% in 2011. The company had worldwide revenues of £6.1 billion (USD $9.2 billion). John Fallon, chief … [Read more...] about Penguin Announces eBooks Account for 17% of Global Revenue
penguin publishing
The Penguin Group Launches Graphic Novel Imprint InkLit
Penguin Publishing is launching a new imprint that is focusing exclusively on graphic novels and comics. The new initiative called "InkLit" will take some of the most notable mainstream book franchises and carry them over into the comic book world. Inklit will be officially launching on October 2nd and will have a big name attached to the first title. Patricia Briggs will be … [Read more...] about The Penguin Group Launches Graphic Novel Imprint InkLit
Penguin to Get into the Self-Publishing Game with Author Solutions Purchase
Penguin Publishing is poised to enter the highly competitive market of digital self-publishing. The company today has finished their acquisition of US based Author Solutions for $116 million in cash. Author Solutions will “continue to be run as a separate business” and will be “integrated into Penguin’s back office and technology infrastructure.” Author Solutions may be a … [Read more...] about Penguin to Get into the Self-Publishing Game with Author Solutions Purchase
Apple’s iPad is Penguin’s Friend. Amazon Enemy?
London based publisher Penguin had pinned great hopes on the iPad and had predicted an increase in the sales of it e-books on the back of success of the iPad. It went on to deliver a rich book reading experience on the iPad where a book need not be read from cover to cover. Instead, the mega publisher has made e-books to come with embedded media content like audio and video. In … [Read more...] about Apple’s iPad is Penguin’s Friend. Amazon Enemy?