Penguin Random House is responsible for nearly a quarter of all books currently being published and were an early adopter of e-books. Joanna Prior, the managing director of Penguin’s general books, said the firm jumped the gun and incorrectly pre-empted a major shift towards digital books. “There was a definite moment when we all went shooting out after the shiny app thing … [Read more...] about Penguin Boss Admits Their Focus on e-Books was an Error
Penguin Random House
Penguin Random House Refuses to Divulge e-Book Sales
This week the vast majority of major publishers have released financial figures for the first six months of 2016. Simon & Schuster and Hachette experienced declines in e-book sales and gave generalized figures. Things are so bad at Penguin Random House that they did not even break down digital sales, they merely said there was a "reduced demand for e-books." The U.S. … [Read more...] about Penguin Random House Refuses to Divulge e-Book Sales
Penguin Random House Reports 25% of Revenue is from e-Books
Penguin Random House has just reported a 23.7% increase in operating EBITDA in 2015 over 2014 and an 11.8% rise in revenue. The company also reported that they generated over €3.32 billion in book sales. How much of this revenue stemmed from e-books? Sadly, the publisher did not break down the numbers but did admit that they accounted for 25% of their global revenue. One of … [Read more...] about Penguin Random House Reports 25% of Revenue is from e-Books
Penguin Random House are getting behind Editions At Play e-books
Google Editions At Play is a new digital book platform that showcase titles with interactive features and are not meant to be printed. The project launched in February with a pair of new titles: Entrances & Exits by Reif Larsen, and The Truth About Cats & Dogs by Sam Riviere and Joe Dunthorne. The first is essentially a point-and-click adventure game in Google Street … [Read more...] about Penguin Random House are getting behind Editions At Play e-books
EBSCO Now Offers Penguin Random House e-books
EBSCO has just announced that they have signed a digital distribution deal with Penguin Random House. Libraries that do business with EBSCO will be able to select from 21,000 fiction and nonfiction ebook titles. The ebooks are featured in several collections, including Popular Adult Fiction; Mystery, Thriller & Suspense Fiction; and Popular Adult Nonfiction. Libraries … [Read more...] about EBSCO Now Offers Penguin Random House e-books
Penguin Random House has Sold Author Solutions
Author Solutions is one of the most hated companies in the self-publishing arena because they prey on new writers and sell them packages that range between $3,000 and $12,000 dollars. Their promise is to get your book sold, and authors have reported that their telemarketers harass them on a daily basis trying to get them to spend more money. The animosity was so great, that … [Read more...] about Penguin Random House has Sold Author Solutions
Librarians are excited about e-books that don’t expire
Penguin and Random House will be introducing new e-book terms for libraries that begin on January 1st 2016. Libraries will no longer worry about their titles expiring after a few loans or have to purchase them again every year. Librarians are also full of glee that the overall price of buying digital content will also decrease in price. Shellie Cocking of the San Francisco … [Read more...] about Librarians are excited about e-books that don’t expire
Penguin Random House announces new e-Book terms for libraries
Penguin Random House has consolidated their internal library division under a single banner. The publisher has been working very hard on making themselves more appealing for libraries. After months of work they finally have developed new terms for e-Book licenses sold to libraries, schools and 3rd party distributors. Starting January 1, 2016, all Penguin and Random House … [Read more...] about Penguin Random House announces new e-Book terms for libraries
Penguin Random House Negotiating a New Contract with Amazon
Penguin Random House is negotiating its first mega contract with Amazon since the two sides merged in July 2013. Their current contract with Amazon UK expires at the end of the month and the contract in the US is up for renewal towards the end of the year. When Penguin merged with Random House the publisher now accounts for 1/4 of all new novels in print. With so many books … [Read more...] about Penguin Random House Negotiating a New Contract with Amazon
When Will Publishers Learn? Direct to Consumer Doesn’t Work
We're going to go out on a limb here and make a sweeping prediction, one that hopefully will be ridiculed in fifty years: consumers do not buy books directly from the publisher. Why not? Because in most cases, they don't know who the publisher is. In even more dire news for publishers, consumers also don't care who the publisher is. That truth hasn't stopped Penguin Random … [Read more...] about When Will Publishers Learn? Direct to Consumer Doesn’t Work